(Bloomberg) -- Anthem Inc. is suing Express ScriptsHolding Co.

|

It is seeking to recover excess payments the health insurer saidit made for drugs from the pharmacy benefitsmanager.

|

The suit, which Anthem said it filed in the U.S. District Courtfor the Southern District of New York, deepens the dispute betweenthe firms.

|

Anthem has said it should be getting $3 billion a year more inprescription drug savings from ExpressScripts, while Express Scripts has disputed that claim.

|

Read: UnitedHealth takes on CVS, Express Scriptswith deal

|

Express Scripts shares fell 3.2 percent to $67.25 at 11:14 a.m.in New York, reversing gains from earlier in the day.

|

Read: Express Scripts covers $1 alternative toTuring's pill

|

Copyright 2018 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.