Blue Cross and Blue Shield health insurers are launching their own nonprofit drug company with Civica Rx to create alternatives to “high-cost” generics that haven’t come down in price.
and seven hospital systems, Civica now represents more than 1,200 U.S. hospitals that say they are already benefitting from lower cost injectable drugs including antibiotics once in short supply.
Many of these same Blue Cross and Blue Shield plans already own their own pharmacy benefit management company inor use the Express Scripts PBM owned by Cigna or CVS Health’s Caremark PBM. These PBMs work as middlemen of sorts to buy drugs in bulk from manufacturers and wholesalers and leverage their clout to get better deals on prescriptions for consumers, patients and health plan customers.
The Blue Cross plans have yet to disclose which generic drugs they plan to develop first but one likely target could be insulin, which continues to have a price tag frustrating health plans even though it remains available as a generic.
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