How PBMs Work and How Congress Strengthened the Hand of Big Pharma
How PBMs Work and How Congress Strengthened the Hand of Big Pharma
All participants in the prescription drug supply chain deserve scrutiny, but weakening the mechanisms that extract price concessions will not lower drug spending. The more likely outcomes are gains for drug companies and less efficient pharmacies, and higher drug costs. Effects will be especially felt by seniors on Medicare and by smaller employers that lack the leverage to offset the law’s new constraints.
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