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Kroger plans to end agreement with Cigna's Express Scripts due to
'unsustainable' drug prices

Kroger said it has attempted on "dozens" of occasions since February to negotiate in good faith for a more "equitable and fair contract" that lowers costs, increases access and provides more transparency, "but there has been little to no progress to date." Kroger said more than 90% of Kroger Health's customers will not be affected by a termination of the Express Scripts agreement, but if a new agreement is not reached by Dec. 31, most Express Scripts' commercial customers won't be able to fill prescriptions at Kroger stores. Shares of Kroger have slipped 2.5% year to date and Cigna's have rallied 22.3%, while the S&P 500 SPX, -0.53% has dropped 23.6%.


full https://www.marketwatch.com/story/kroger-plans-to-end-agreement-with-cignas-express-scripts-due-to-unsustainable-drug-pricing-2022-09-30?siteid=rss