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Express Scripts and Medco Save Americans Tens of Billions in Healthcare Costs, New Economic Report Shows
Date:12/5/2011

WASHINGTON, Dec. 5, 2011 /PRNewswire/ -- Pharmacy benefit managers Express Scripts and Medco save employers, the federal government, labor unions, and consumers between $51 billion and $87 billion annually on the cost of prescription medications, according to a new report released today by economists Jonathan Orszag and Kevin Green of Compass Lexecon. 

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"Pharmacy benefit managers (PBMs) save consumers billions of dollars, but most people do not know very much about the role such firms play in the healthcare system," said Orszag, who served as an Economic Policy Adviser on President Clinton's National Economic Council. "We hope this study shows the economic benefits created by PBMs today, the role that PBMs should play in constraining rising healthcare costs in the future and the role the merger of Express Scripts and Medco can play in accelerating those savings."

A copy of the report can be found at this link: http://www.compasslexecon.com/highlights/Documents/The%20Economic%20Benefits%20of%20Pharmacy%20Benefit%20Managers%20Orszag%20Green.pdf.'/>"/>

SOURCE Express Scripts
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