- Goldman Apologizes for Role in the Crisis: Report
- Rally's Low Volume Prompts Question: Whither Buyers?
- Cadbury Up on Hopes of Hershey-Ferrero Counterbid
- Microsoft Ordered to Stop Some Windows Sales in China
- Former Merrill CEO Thain Defends Wall Street Bonuses
- China Premier Seeks to Reassure Obama on Trade
- Boats Seized in Madoff Scandal Sell for $2 Million
- 15 Richest Members of Congress
- House Leaders Want Job Creation Bill Before Year-End
- Best Sector Plays for 2010: Citi's Levkovich
- Pulse of Private Equity
- Abbott, Arbiter & Avoidance
- Can YouTube Revolutionize Citizen Journalism?
- I Have to Leggo My Eggo
- Appraisals Now Center Stage in Housing Recovery
- Expect Stocks to Rise 15-20% by Mid-2010: Chief Investor
- Profiting from This Volatile Options Expiration Week: Analyst
- Nov. 17: Unusual Volume Leaders
- Somali pirates again attack Maersk Alabama
- Obama: Job creation not goal of Dec. 3 jobs forum
- UK: Tax-free toll bridge on sale
- EU clears ING, KBC bank bailouts
- Liechtenstein signs anti-corruption treaty
- Lloyds gets EU approval for UK bailout
- US software maker Bentley opening Dublin office
- Mitsubishi UFJ profit up 53 pct, raising $11.2 bln
- Iraq seeks support from French firms
Text Size 
Health insurer WellPoint Inc. announced plans last spring to sell its pharmacy benefits management business to Express Scripts Inc. for about $4.68 billion. Analysts have wondered whether other managed care companies would consider a similar sale.
QUESTION: There has been some speculation that you were having discussions about seeing what value you could get for your pharmacy benefits management unit, but you decided to retain it. Is that accurate?
ANSWER: Your conclusion is accurate. Stepping back, what we indicated earlier this year was that we were going to take a thorough and hard look at that asset. As we looked at our PBM specifically, we're able to validate that it is performing very well. It is currently critical to our integrated value proposition, so we have concluded that it is important strategically to us as we go forward. As we said in the second quarter and we reiterate today, for that asset as well as all assets, we'll continue to revisit them.
Print
Email
- How to put some green into your portfolio.
- It's the consumer vs. megabanks in the economy right now. But the ref can't stop the low blows.
- Returning from a Ron Paul political rally, one supporter was held at an airport due to the amount of cash he was carrying. NYT reports.
- Chances for a climate change treaty look dim at the Copenhagen conference.
- Dollar rebound? Wait at least another 10 months, charts say.
- Hard times in Hollywood are boosting job applications in the porn business.
Data is a real-time snapshot *Data is delayed at least 15 minutes