Greg Lopes, a spokesman for the Pharmaceutical Care Management Association, said PBMs believe the key to lowering costs for insulin, and drugs more broadly, is more competition among manufacturers. He said drug companies have avoided doing that through tactics like extending patents on insulin products.
āFrozen formularyā legislation refers to regulations proposed by state legislators that would prohibit a pharmacy benefit manager (PBM) or health plan from making certain changes to a prescription formulary midyear. Based on a recent analysis,Ā Milliman estimates the proposed āfrozen formularyā
A new white paper by the Pharmacy Benefit Management Institute (PBMI) outlines ways that some drug manufacturers undermine formulary and utilization management tools, resulting in higher drug costs for health plan sponsors and patients. Read Report
The drug giants moved in near-perfect synchronicity, raising prices for their top-selling arthritis treatments as though they were opposite-corner gas stations bumping up the price of unleaded.
PBMs: Committed to Helping Patients The Critical Path Forward: Rx Policies to Reduce Patient Costs, Improve Access For Americaās pharmacy benefit managers, PBMs, our core mission is to increase access to affordable prescription drugs for all Americans. But more can
“This report finally debunks the myth that drug makers have somehow been compelled to raise prices because of the discounts and rebates health plans and PBMs demand to reduce overall costs,” Mark Merritt, president and chief executive of the Pharmaceutical
āThis score strikes the third blow to the drug makersā long-running, multi-million dollar campaign to shift blame for their own prices onto theĀ health plans andā¦PBMs that negotiate discounts and rebates to reduce costs.Ā For policymakers,Ā this should be a āthree strikes and
PBM Tools PBM Tools Will Save Health Plan Sponsors and Consumers More than $1 Trillion on Prescription Drug Costs As prescription drug spending continues to increase, research shows PBMsā cost savings and patient care management tools should reduce prescription drug
Unlocking an Affordable Future: Key #1 Ensure System Sustainability ENSURE SYSTEM SUSTAINABILITY BY PROMOTING COMPETITION A competitive private market is the best way to manage drug costs. Interventions should be focused on fixing specific market failures or gaps rather than
Welcome to the Pharmacy Benefit Brief. This brief is your monthly snapshot of news from Americaās prescription drug supply chain including pharmacy benefit managers, independent pharmacies, and drug manufacturers. It’s a Dog Eat Dog World… As a
Ā©2024 PCMA. All Rights Reserved.
