Construction workers in Bakersfield on the job at a shopping center project. (Photo: Richard Thornton, via Shutterstock)
OPINION: We will always fight to protect the interests of these workers. That’s why we are urging Insurance Commissioner Ricardo Lara to reject proposed new regulations that could eliminate group insurance discounts that we provide our members.
The Harbor Freeway at rush hour in Los Angeles. (Photo: Joseph Sohm, via Shutterstock)
OPINION: The California Department of Insurance, having identified a disparity, has established a worthy goal of expanding auto insurance discounts to more low-income consumers and communities of color. But as it pursues that goal, the department must keep in mind a foundational principle in healing problems: Do no harm.
A pharmaceutical worker examines drugs at a dispensary. (Photo: i viewfinder, via Shutterstock)
The PBMs originated in the 1960s to help health plans, self-insured employers and government entities, among others, to negotiate prescription drug prices and efficiently distribute medications. Since then, they have evolved into a money-making industry without regulations, experts say. By one estimate, three major PBM companies had a staggering $270 billion in revenues in 2014.