Aetna to pass on drug rebates to some of its members

March 28, 2018

Aetna will pass along rebates to some consumers amid growing demand for transparency over drug prices.

The health insurer said Tuesday it will automatically apply the discounts it negotiates with pharmaceutical manufacturers with fully insured plan members at the time of sale starting in 2019. The new policy could affect 3 million Aetna customers.

UnitedHealth Group announced a similar policy this month.

Aetna said most rebates are already shared, but greater transparency is needed in the pharmaceutical supply chain in response to drug prices rising nearly 25 percent between 2012 and 2016.

Companies along the pharmaceutical supply chain have pointed fingers at one another when casting blame for high drug prices. Manufacturers say list prices aren’t actually what people are paying, since they negotiate discounts with insurers and pharmacy benefits managers. The other side says drugmakers are the ones who keep raising prices.

“We have always believed that consumers should benefit from discounts and rebates that we negotiate with drug manufacturers,” Aetna CEO Mark Bertolini said in a statement. “Going forward, we hope this additional transparency will encourage these companies to rationalize their pricing and end the practice of annual double-digit price increases.”

CNBC report

Sponsored Recommendations

Enhancing Remote Radiology: How Zero Trust Access Revolutionizes Healthcare Connectivity

This content details how a cloud-enabled zero trust architecture ensures high performance, compliance, and scalability, overcoming the limitations of traditional VPN solutions...

Spotlight on Artificial Intelligence

Unlock the potential of AI in our latest series. Discover how AI is revolutionizing clinical decision support, improving workflow efficiency, and transforming medical documentation...

Beyond the VPN: Zero Trust Access for a Healthcare Hybrid Work Environment

This whitepaper explores how a cloud-enabled zero trust architecture ensures secure, least privileged access to applications, meeting regulatory requirements and enhancing user...

Enhancing Remote Radiology: How Zero Trust Access Revolutionizes Healthcare Connectivity

This content details how a cloud-enabled zero trust architecture ensures high performance, compliance, and scalability, overcoming the limitations of traditional VPN solutions...