Express Scripts Accused Of Bilking New York Pharmacy Plan
New York state officials are suing pharmacy benefit manager Express Scripts Inc. and two units of Cigna Corp., Philadelphia, for allegedly overcharging the states largest health plan for prescription drugs.
The companies charged in the case denied any wrongdoing.
In recent filing with the Securities and Exchange Commission, Express Scripts warned that it expected to be investigated for its drug pricing practices not only by New York state but also by 19 other states and the District of Columbia.
“We are cooperating with this multi-state investigation,” the company said in its filing. “We believe that our business practices comply in all material respects with applicable legal requirements.”
In response to the complaint, Cigna notes that its Cigna Life Insurance Company of New York and Connecticut General Life Insurance Company subsidiaries insure and reinsure the state health care plan and that it is the plans primary contractor.
“Express Scripts is responsible for providing all of the pharmacy benefit management services to the New York state plan,” the company says.