A pharmacy benefit manager (PBM) without all the usual drama? It’s a lofty goal. Federal lawsuits and investigations have accused the three largest PBMs—CVS Health’s Caremark, Cigna Evernorth’s Express Scripts, and UnitedHealth Group’s Optum Rx—of overcharging for drugs, pocketing savings, and giving perks to their vertically integrated insurance companies as well as their own specialty and mail order pharmacies. The Big 3 deny this, saying they pass the vast majority of savings on to customers. They’ve recently introduced some transparent models to prove it. Cigna’s Express Scripts, for instance, announced Oct. 27 it would phase in up-front discounts to replace rebates. Meanwhile, alternative PBMs that already have transparent models like AffirmedRx, Rightway Healthcare, and Navitus Health Solutions are gaining traction. Experts tell Healthcare Brew that though these alternatives aren’t perfect, their models may save insurers and patients money. “Everybody in the [traditional] supply chain benefits from higher list prices,” Navitus SVP and Chief Pharmacy Officer Sharon Faust told Healthcare Brew. “It requires innovation and disruption of all the historical models to drive cost savings.” This alt PBM is trying to shake things up.—MA, CC |