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UnitedHealth to buy pharmacy benefits manager Catamaran
UnitedHealth to buy pharmacy benefits manager Catamaran

The nation's largest health insurer, UnitedHealth, will muscle up in its fight against rising specialty drug costs by spending more than $12 billion to buy pharmacy benefits manager Catamaran Corp. Pharmacy benefits managers, or PBMs, help negotiate the prices that customers pay for prescription drugs. They are seen as a key component in the push to contain rising specialty drug costs, an expense that could overwhelm parts of the health care system, especially the federal-state Medicaid program, insurers and other bill payers have warned. Specialty drugs are complex medicines often represent treatment breakthroughs but come with much higher prices than older drugs. Experts say...

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