Mon. Jul 22nd, 2024

Express Scripts overcharged postal workers by $45 million, audit says

July 22, 2024
A building is seen on the Express Scripts campus Thursday, July 21, 2011, in Berkley, Mo. Express Scripts and Medco Health Solutions, the largest U.S. pharmacy benefits management companies, said Thursday they will combine in a deal worth $29.1 billion in cash and stock. (AP Photo/Jeff Roberson)

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Express Scripts, one of the largest pharmacy benefit managers in the country, overcharged U.S. Postal Service employees by a whopping $45 million for their prescription drugs during a recent five-year period, according to a federal audit.

The findings are likely to intensify scrutiny of the controversial role played by PBMs in the opaque pharmaceutical pricing system. The report, which was released in March but received little if any public attention, examined drug spending between 2016 and 2021 within the health plan that covers more than 200,000 unionized mail carriers and post office workers, as well as retirees.

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