Big News in the merger between Cigna Corp. and Express Scripts. On Monday, September 12, the companies announced that the U.S. Justice Department have approved the proposed $67 billion merger.
This is the first big step in the right direction, but Cigna and Express Scripts still must secure certain state Regulatory approvals to complete the deal. The companies expect to close the deal by the year end.
"We are pleased that the Department of Justice has cleared our transaction and that we are another step closer to completing our merger and delivering greater affordability, choice and predictability to our customers and clients as a combined company," Cigna President and CEO David Cordani said in a statement. "The value that we deliver together will help put our society on a far more sustainable path—one that helps healthcare professionals close gaps in care and supports our customers along their health journey."
So, what does this mean to you the agent? We are unclear at this time but what we can hope is that it will open a door for agents to have the opportunity to offer these products to their clients.
We will continue to follow this merger as new information is available. Be sure to subscribe to our Blog post to receive information first!
If you are looking for Prescription Drug plans to offer your clients this AEP, give us a call 800-777-9322!