The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Wentworth, who runs one of the largest pharmacy benefits management organizations -- otherwise known as PBMs -- appears to have contemplated this question quite a bit.
"So as I think about Amazon and what they may choose to do in pharmacy, you said it right in the beginning, which is, you know, becoming a PBM is a lot more than dispensing drugs," he responded to an analyst.
PBMs act as intermediaries between payers, like health insurers, and the rest of the health system.
Speculation has ensued for months that the company will attempt to disrupt PBMs like Express Scripts, and bring some transparency to drug pricing. CNBC reported in May that Amazon has a secret health team and is hiring experts to help steer it into the multibillion-dollar pharmacy market.
All of this puts Express Scripts in a tricky spot.
Wentworth suggested that the company would be open to working with Amazon rather than competing with them. "If Amazon were looking to be an efficient provider in networks, we would welcome that opportunity," Wentworth told analysts on the call.
Some experts find this move to be somewhat surprising.
"Typically there is only 1 mail order pharmacy in a PBM and it's the one owned by the PBM," said Adam Fein, president of Pembroke Consulting and author of Drug Channels. "It's unusual for them to signal this."
It's still early days for Amazon, and the company hasn't announced anything official. The company might prioritize other areas first, said Fein. As CNBC reported this week, the company is also interested in other areas like telemedicine and electronic medical records.
"Amazon has a long way to go before it becomes a mail order pharmacy," said Fein, who pointed to myriad challenges ahead ranging from regulatory to technical. And if it were to become a network pharmacy, he said, it would need to build the "back engine" to accept insurance and adjudicate claims.
"I think Amazon has more lucrative areas to go after than becoming a PBM," he said.