Posts Tagged: PBMs
Opinion
OPINION: In 2018, legislators took positive initial steps to regulate some of the egregious business practices of pharmacy benefit managers (PBMs) – little-known middlemen in the health care system who have contributed to rising costs. However, more must be done to ensure that Californians are able to access affordable treatment options such as receiving cost savings at point of sale at the pharmacy counter, for example.
Opinion
OPINION: With the rising cost of health care at forefront of nearly every Californian’s mind, lawmakers in Sacramento are rightly considering a range of potential policy proposals to help rein in costs. In 2018, legislators took positive initial steps to regulate some of the egregious business practices of pharmacy benefit managers (PBMs) – little-known middlemen in the health care system who have contributed to rising costs.
Opinion
OPINION: The high costs of prescription drugs have rightly prompted concern from Californians and lawmakers looking for ways to bring down costs. Recently, both California and the federal government have taken positive steps to address this concern by increasing transparency. Still, more action is needed to reduce costs to consumers at the prescription counter.
Opinion
OPINION: The Golden Years for senior citizens across the Golden State are longer and more active than for the generations that preceded us. This is a real gift, but it does mean most of us are battling age-related medical conditions, often dealing with them for decades. Prescription drugs are a big part of our healthcare toolbox, and today, almost 40 percent of senior citizens use five or more medications.
News
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.
A pharmacy worker on the the job. (Photo: wavebreakmedia, via Shutterstock)
