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The incoming CEO for Express Scripts wants to resolve a longstanding drug pricing dispute with its largest client that has morphed into a lawsuit, a confrontation that underscores the growing negotiating power for large insurers and questions Express Scripts' independent business model.
Health insurers in Virginia want to require more pricing transparency from the pharmaceutical industry, but drug companies are pushing back by saying this could be the first step toward government-related price controls that would stifle future innovations, according to an Associated Press article.
​Despite presidential candidates promising to reduce the out-of-pocket costs of prescription drugs, a new article from STAT makes the case that the amount of power the government actually has to drive down drug prices on a large scale may not be significant.
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