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Cholesterol drug makers bow to Cigna “incentives” demands

Cigna has cracked through another major barrier in the war on escalating prescription drug costs.

By Dan Cook | Updated on May 12, 2016
Photo: Getty Images

Cigna has cracked through another major barrier in the war on escalating prescription drug costs. In a new contract struck with drug makers of cholesterol medications, it has negotiated price discounts if the medications don’t live up to their billing.

Cigna termed the cholesterol agreements “value-based,” with payments tied to “incentives … linking financial terms to improved customer health.” The new pacts come on the heels of similar contracts with makers of drugs that treat heart disease, diabetes, multiple sclerosis, and hepatitis C.

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Dan Cook

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.

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