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Rite Aid buys pharmacy benefit manager EnvisionRx for $2 billion
Rite Aid buys pharmacy benefit manager EnvisionRx for $2 billion

Rite Aid's $2-billion acquisition of a pharmacy benefits manager steers the drugstore chain toward a potentially lucrative focus for healthcare companies: finding ways to tame customer costs. The nation's third-largest drugstore chain is buying EnvisionRx which, like all pharmacy benefit managers, can exercise considerable influence over how much patients pay for their medications. PBMs run prescription drug plans for customers that include employers and insurers. They negotiate prices with drug makers, process mail-order prescriptions and try to keep tabs on whether patients are taking their medicine in an attempt to keep costs down for their customers. Healthcare expenses...

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