Cigna, Express Scripts merger may have limited effect on comp sector

David Cordani, president and CEO of CIGNA Corp., appears on CNBC at the New York Stock Exchange on March 8./ REUTERS

Cigna Corp.’s $52 billion proposed acquisition of Express Scripts Holding Co. may eventually lead to lower drug costs for workers compensation payers, but it’s too early to tell how big those savings might be, experts say.

The health insurer’s announcement Thursday that it would buy the pharmacy benefits manager is part of an overall trend of health insurers attempting to align their business goals with those of PBMs.

The deal follows the $69 billion merger of insurer Aetna Inc. and one of Express Scripts’ biggest rivals, CVS Health Corp., announced last December.

The merger of St. Louis-based Express Scripts and Bloomfield, Connecticut-based Cigna will save $600 million annually due to improved administrative efficiencies, better coordination…

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