October 18, 2017 / 2:02 PM / a month ago

Anthem expects $4 billion in savings with pharmacy deal

NEW YORK (Reuters) - U.S. health insurer Anthem Inc expects $4 billion in savings starting in 2021 from its plan to end its current pharmacy contract and start managing those benefits itself, executives said on Wednesday in a conference call with investors.

The executives said that 80 percent of the savings would be returned to customers in terms of affordability and the other 20 percent, or about $2 per share, would be reflected in its profits starting in 2021.

Reporting by Caroline Humer; Editing by Chizu Nomiyama

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