UnitedHealth Not Seeing Tax-Related Price Cuts -- Market Talk DOW JONES & COMPANY, INC. 9:54 AM ET 4/17/2018 Symbol Last Price Change UNH 237.41up +7.09 (+3.08%) CI 175.08up 0 (0%) ESRX 72.92up +0.93 (+1.29%) CVS 66.55down +0.45 (+0.68%) QUOTES AS OF 11:58:59 AM ET 04/17/2018 09:54 ET - UnitedHealth(UNH) says that so far, it's not seeing big discounting during the early part of the selling season for 2019 employer health and pharmacy-benefits coverage. On the health side, the insurer says that an early theme is " around incumbency" on the health-benefits side, and it hasn't seen "any measurable change in pricing," tied to the tax overhaul that reduced corporate rates for many insurers. On the PBM side, the company says pricing is "very competitive" but "stable," implying that a series of pending acquisitions involving the biggest PBMs aren't generating aggressive pricing aimed at shoring up market share. Cigna(CI) has struck a deal for Express Scripts(ESRX), and CVS Health(CVS) is aiming to take over Aetna. (anna.mathews@wsj.com)
(END) Dow Jones Newswires 04-17-180954ET Copyright (c) 2018 Dow Jones & Company, Inc.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
