PBM influence is only growing, American Medical Association report finds
The 10 largest PBMs are also part of a company that owns a health plan.
Relevant stories on PBMs focused on the business, policy, and technology developments happening behind the headlines.
The 10 largest PBMs are also part of a company that owns a health plan.
Alternatives are enticing, but change has proven to be difficult.
The PBM says it will now reimburse pharmacies based on the cost to acquire drugs.
The report is the second from the agency’s investigation of PBMs and comes amid a flurry of lawsuits.
While CVS and Walgreens are both facing challenges with retail pharmacies, CVS has an advantage due to its PBM and size.
The federal agency sued the PBMs in September alleging they unfairly boosted profits by raising insulin costs.
The three largest PBMs made about $1.6 billion in excess revenue on two cancer drugs in less than three years, according to the report.
Healthcare Brew covers pharmaceutical developments, health startups, the latest tech, and how it impacts hospitals and providers to keep administrators and providers informed.
By subscribing, you accept our Terms & Privacy Policy.