Express Scripts completes merger with Medco
Express Scripts Inc.on Monday completed its acquisition of rival Medco Health Solutions Inc. in a $29.1 billion deal that could have major implications forWalgreen Co. The deal was announced after...
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Medicaid cuts, property tax battle a stress test for many hospitals
Children's Memorial Hospital would be faced with a $37 million to $50 million hole in its budget. Norwegian American Hospital could be forced to close. Swedish Covenant Hospital's chief executive...
Hospitals fear loss of insurance payments if coverage mandate is struck down
Like their counterparts across the country, Chicago hospitals have invested millions of dollars preparing for the implementation of the federal health care law, potentially for benefits they may never reap...
Prescription decline trips Walgreens in fiscal 2Q
Walgreen Co.'s second-quarter profits slid 7.7 percent, hurt by its exit from the pharmacy benefits manager Express Scripts Inc. network and a weak influenza season. The Deerfield-based druggist said Tuesday...
Walgreen net income slips after loss of Express Scripts
Walgreen Co.on Tuesday defended its decision to walk away from more than 10 percent of its annual prescription business, even as it reported that its second-quarter earnings slid 7.6 percent....
Hearing sought over state health insurance audit
A ranking Republican state senator on Thursday called for Illinois to suspend its plans to seek new bids for state employee health insurance plans and asked for an emergency hearing...
More officials attack state agency over health care contracts
A ranking Republican senator on Thursday called for the state to suspend its plans to submit new bids for state employee health insurance plans and asked for an emergency hearing...
Audit report attacks state insurance contracts
State officials started shopping for employee health insurance in 2010, hoping to cut the rising costs of providing benefits for more than 400,000 state employees and their families. They got...
Illinois auditor slams state agency over $7 billion in health-care contracts
The Illinois state auditor has issued a scathing critique of the Department of Healthcare and Family Services and the state's Executive Ethics Commission, taking the two organizations to task for...
State will resume reviews for hospital tax breaks
Gov. Pat Quinn on Thursday drew a hard line on negotiations with hospitals about how much free care they must provide to qualify for tax breaks, a contentious issue that...