Cigna Strikes Deals To Limit Cost of Weight-Loss Drugs

Key TakeawaysCigna's pharmacy benefits unit struck deals with Novo Nordisk and Eli Lilly to limit the cost of weight-loss drugs.The agreements put a 15% annual cap on price increases for the weight-loss medicines for health plans, a Cigna spokesperson told CNBC.Cigna also boosted its long-term adjusted earnings per share (EPS) outlook. Cigna Group (CI) said it has taken steps to control the cost and increase coverage of diabetes and weight-loss medicines, which have experienced a boom in demand by those loo ...