Category Archives: Health Care: Pharmacy and Other Services
Medco Health Solutions
Medco is the top pharmacy benefits manager in the country, and getting bigger all the time. In 2010, the company filled 957 million prescriptions, up 6.5% from the previous year.The company lost a big client in March when the California Public Employee’s Retirement System (CalPERS) declined to renew its prescription drug contract for 2012. That loss may sting, but Medco should get a financial boost next year: The patents on several blockbuster drugs are expiring, with generic versions sure to follow. Generic drugs tend to be more profitable than brand names for Medco’s mail-order pharmacy service. —S.D.