Employers and PBMs: Partnering to Fight High Drug Prices

Big Pharma’s War on Generics is forcing employers to spend more than ever on prescription drugs. These drug companies block generic drug competition, forcing patients to pay for more expensive brand drugs. Fortunately, thanks to the cost-saving actions of pharmacy benefit managers (PBMs), the impact on employers and patient out-of-pocket costs is mitigated. A recent survey of more than 1,000 small and large businesses reveals that employers are pleased with their partnership with PBMs as they fight to increase access […]