Medco 2015 Annual Report Download - page 20

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18
Express Scripts 2015 Annual Report
various permits and licenses with the appropriate state and federal agencies and we are subject to various wholesale distributor
laws that regulate the conduct of wholesale distributors, including, but not limited to, maintaining pedigree papers in certain
instances.
Service Marks and Trademarks
We, and our subsidiaries, have registered certain service marks including “EXPRESS SCRIPTS®,” “MEDCO®,”
“ACCREDO®,” “CONSUMEROLOGY®,” “UBC®,” “MY RX CHOICES®,” “RATIONALMED®,” “SCREENRX®,”
“EXPRESS ALLIANCE®,” “EXPRESS SCRIPTS MEDICARE®,” “EXPRESS ADVANTAGE NETWORK®,” “HEALTH
DECISION SCIENCE®,” “THERAPEUTIC RESOURCE CENTER®,” “CONSTELLATION®,” “EXPRESSPATH®,”
“MEDICUBE®” and “ROVER®” with the United States Patent and Trademark Office. Our rights to these marks will continue
so long as we comply with the usage, renewal filings and other legal requirements relating to the usage and renewal of service
marks.
Insurance
We generally maintain insurance coverage for claims that arise in the normal course of business. Where insurance
coverage is not available, or, in our judgment, is not cost-effective, we maintain self-insurance accruals to reduce our exposure
to future legal costs, settlements and judgments, once such costs become both probable and estimable. Self-insured losses are
accrued based upon estimates of the aggregate liability for the costs of uninsured claims incurred using certain standard
insurance industry actuarial assumptions.
There can be no assurance we will be able to maintain certain types of liability insurance coverage in the future or that
such insurance coverage, together with our self-insurance accruals, will be adequate to cover potential future claims. A claim,
or claims, not covered by insurance or in excess of our insurance coverage could have a material adverse effect on our
consolidated results of operations, consolidated financial position and/or consolidated cash flow from operations.
Employees
As of December 31, 2015 and 2014, we employed approximately 25,900 and 29,500 employees, respectively,
worldwide. Approximately 8.0% of the employees are members of collective bargaining agreements at December 31, 2015.
Specifically, we employ members of the following unions:
• Service Employees International Union;
• American Federation of State, County and Municipal Employees;
• United Food and Commercial Workers Union;
• United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial & Service Workers International
Union, American Federation of Labor – Congress of Industrial Organizations;
• Association of Managed Care Pharmacists;
• International Union of Operating Engineers; and
• Retail, Wholesale and Department Store Union, United Food and Commercial Workers.
Four collective bargaining agreements covering these employees will expire at various dates through December 2016.