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Health Care Inc. newsletter on health insurer Q2 earnings

July 22, 2024
in Health
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You’re studying the net model of Well being Care Inc., STAT’s weekly publication following the stream of cash in medication. Enroll to get it in your inbox each Monday.

Specific Scripts overcharged your mail provider

Specific Scripts, one of many largest pharmacy profit managers within the nation, overcharged U.S. Postal Service staff by a whopping $45 million for his or her pharmaceuticals throughout a latest five-year interval, in response to an under-the-radar federal audit that my colleague Ed Silverman and I reviewed.

This half actually caught our eyes: The most important supply of overcharges was tied to drug rebates that ought to not have been saved by Ascent Well being Companies, the opaque, Swiss-based group buying group that may be a sister firm to Specific Scripts. The corporate agreed to totally refund all of these retained rebates. Now, simply think about all the opposite firms that aren’t having their prescription drug contracts reviewed however use these GPOs as a part of their drug advantages.

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