Morning Briefing
Summaries of health policy coverage from major news organizations
New Alliance Hopes To Lower Health Spending Costs By Combining Negotiating Heft
The group, which includes Johnson & Johnson, believes it will save a combined $600 million over three years compared with their members' current drug-benefit contracts.
A U.S. alliance formed last year by more than three dozen companies, including American Express Co., Johnson & Johnson and Macy’s Inc., is announcing its first plans aimed at lowering the companies’ health-care spending. The blueprint includes group contracts to purchase prescription drugs through units of CVS Health Corp. and UnitedHealth Group Inc.; the creation of specialized doctor networks; and a deal to use International Business Machines Corp.’s Watson software to analyze their health-care data. (Walker, 3/6)
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