Kroger threatens to cut ties with Cigna’s Express scripts

Grocery retailer Kroger (KR) on Friday threatened to sever ties with Cigna’s pharmacy Express Scripts by the end of the year unless a new deal is negotiated.

Kroger called the current agreement an “unsustainable” pricing agreement.

The Cincinnati, Ohio-based retailer said it wants to reach an agreement that will keep prices affordable for its 17 million customers — particularly military members and their families.

“We do not believe that Kroger customers will have to pay higher costs to increase Express Script’s profits,” Colleen Lindholz, president of Kroger Health, said in a statement.

However, Kroger said it “remains willing to negotiate with Express Scripts”. According to the grocery retailer, more than 90% of Kroger’s customers are unaffected by the deal’s termination.

However, failure to reach a new agreement by December 31 means Express Scripts customers will be unable to fill prescriptions within the Kroger network beginning next year. Kroger threatens to cut ties with Cigna’s Express scripts

Fry Electronics Team

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