BENTONVILLE, Ark. and
ST. LOUIS, Dec. 12, 2018 /PRNewswire/ -- Today, Walmart
and Express Scripts (NASDAQ: ESRX) announced an extension to the
companies' existing network agreement to provide access to
Walmart's prescription services for Express Scripts clients'
covered members. The companies also made a commitment to
deliver additional affordable prescription solutions to millions of
underinsured and uninsured Americans.
As part of the ongoing relationship, Walmart is partnering with
Express Scripts' to access their unique pricing on dozens of
brand-name prescription drugs, and create additional value for its
customers. As one example, Express Scripts has introduced a novel
solution – InsideRx -- to provide discounts, on average 40%, to
uninsured Americans on a growing number of important brand-name
prescription drugs. Express Scripts works with major drug
manufacturers to lower the cost of high-priced medications and will
continue to expand the program and deliver savings on additional
medications for the whole family.
"Helping customers save money and live better is our mission at
Walmart, and a key component of that is to help them save money on
healthcare like prescription drugs," said Luke Kleyn, Vice President, Payer Relations at
Walmart. "This new Agreement helps both insured and uninsured
Americans access to affordable prescriptions."
Walmart has been delivering value to its shoppers through its
$4 Program since 2006 and is
committed to continued collaboration with Express Scripts on
pricing solutions for people with no healthcare coverage and
products not covered by insurance. Millions of people rely on
Walmart as a convenient and affordable place to access health and
wellness products and services, including their prescription needs.
Walmart currently operates more than 4,700 locations with
pharmacies, which provide important healthcare access points in
urban, rural and suburban areas.
Express Scripts is the nation's leading pharmacy benefit
manager, delivering better care, greater choice and lower costs.
Last year alone, Express Scripts saved its clients $32 billion on their prescription drug bills
through an innovative set of solutions that help payers and
patients get the most value from the pharmacy benefit. Express
Scripts serves more than 3,000 clients – employers, health plans,
government agencies, unions and others – and helps 83 million
Americans achieve better health.
"Prescription drugs are the first line of treatment for many
illnesses, and it is critical to create and sustain affordable
access to innovative therapies," said Amy
Bricker, President, Supply Chain at Express Scripts. "Our
clients and patients value our ability to deliver quality,
cost-effective care on their terms, and we are pleased to partner
with Walmart to expand affordable access for insured and uninsured
patients."
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save money
and live better - anytime and anywhere – in retail stores, online,
and through their mobile devices. Each week, nearly 265 million
customers and members visit our more than 11,200 stores under 55
banners in 27 countries and eCommerce websites. With fiscal year
2018 revenue of $500.3 billion,
Walmart employs over 2.2 million associates worldwide. Walmart
continues to be a leader in sustainability, corporate philanthropy
and employment opportunity. Additional information about Walmart
can be found by visiting http://corporate.walmart.com, on Facebook
at http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart.
About Express Scripts
Express Scripts is a healthcare opportunity company. Empowered by
our legacy as an industry innovator, we dare to imagine - and
deliver - a better healthcare system with improved health outcomes
and lower costs. From pharmacy and medical benefits management, to
specialty pharmacy care and everything in between - we uncover
opportunities to make healthcare work better.
Our home base is St. Louis, but
our reach extends to millions of Americans across the nation. We
stand alongside our clients and partners, collaborating to develop
personalized solutions that make a meaningful difference in the
lives of those we serve. We believe healthcare can do more. We are
Champions For Better.
For more information, visit Lab.Express-Scripts.com or
follow @ExpressScripts on Twitter.
Contacts:
Walmart
Media Relations
1-800-331-0085
news.walmart.com/reporter
Jennifer Luddy
Express Scripts
jennifer_luddy@express-scripts.com
201-269-6402
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SOURCE Express Scripts; Walmart