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More on the ESRX-MHS merger hearing (previous): Express Scripts (ESRX) and Medco Health (MHS)...

More on the ESRX-MHS merger hearing (previous): Express Scripts (ESRX) and Medco Health (MHS) went on the offensive in advance of today's grilling in front of Senators, funding a study that concluded a merger between the two PBM giants would save tens of billions of dollars in annual drug costs. Unfortunately for the firms, antitrust attorneys and consumer groups are shredding the report before the ink is even dry - noting that it uses stale data and government reports from 2002 and 2003 to draw on in its analysis.
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