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.
New Teslas at the company's factory in Fremont. Photo: Steve Jurvetson
Electric vehicles costing more than $60,000 may be eliminated from a major rebate program and the rebates themselves would be reduced to a fifth of their current level – moves that would cut popular Tesla Motors’ models from the rebates.