Explainer: Why are US pharmacy benefit managers under fire?
WEB1 day ago · Three companies controlled 79% of U.S. pharmacy benefit management in 2022, according to the data platform Statista: CVS Health's , opens new tab CVS Caremark with 33%, Cigna's , opens new tab ...
Why PBMs, or pharmacy benefit managers, are the focus of new ... - NPR
WEBJul 7, 2023 · At least nine bills introduced in Congress take aim at pharmacy benefit managers, the powerful middlemen that channel prescription drugs to patients. Here's what the fuss is all about.
Pharmacy benefit managers profit at expense of patients and small ... - CNN
WEBJul 9, 2024 · Pharmacy benefit managers, which negotiate the terms for prescription drug access for hundreds of millions of Americans, are racking up profits while squeezing patients and independent...
Why are US pharmacy benefit managers under fire? | Reuters
WEBWASHINGTON, April 16 (Reuters) - Pharmacy benefit managers (PBMs) are in the crosshairs of Republicans and Democrats in Congress but have so far dodged any new litigation or reforms that had...
Why the FTC is taking a closer look at pharmacy benefit …
WEBJul 11, 2024 · The Federal Trade Commission says pharmacy benefit managers, or PBMs, are artificially driving up prescription drug prices.
PBMs, the Brokers Who Control Drug Prices, Finally ... - KFF Health News
WEBMay 11, 2023 · Drug manufacturers claim that exorbitant PBM demands for rebates force them to set high list prices to earn a profit. Independent pharmacists say PBMs are driving them out of business. Physicians blame them for …
The Evolution and Future of Pharmacy Benefits Managers
WEBMar 13, 2024 · Pharmacy benefit managers (PBMs) have been making headlines lately, with regulations to manage drug costs being discussed at state and federal levels. PBMs, introduced in the late 1960s, are an intermediary between pharmaceutical companies, insurance companies, and pharmacies.
Insurance Topics | Pharmacy Benefit Managers | NAIC
WEBJun 7, 2024 · Issue: Pharmacy Benefit Managers (PBMs) are third party companies that function as intermediaries between insurance providers and pharmaceutical manufacturers. PBMs create formularies, negotiate rebates (discounts paid by a drug manufacturer to a PBM) with manufacturers, process claims, create pharmacy networks, review drug utilization, and ...
Hearing Wrap Up: Pharmacy Benefit Managers Push …
WEBSep 19, 2023 · At the hearing, members and witnesses highlighted how Pharmacy Benefit Managers (PBMs) have monopolized the pharmaceutical marketplace and push anticompetitive practices that undermine patient health and deliberately drive up the cost of prescription drugs.
Big Pharmacy-Benefit Managers Increase Drug Costs, FTC Says
WEBJul 9, 2024 · Firms that manage drug benefits, which promise to keep a lid on high drug costs, instead steer patients away from less expensive medicines and overcharge for cancer therapies, Federal Trade ...