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.
The Wall Street Journal:
Alliance Of Companies Unveil First Steps Aimed At Cutting Health-Care Costs
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)