Former CBO Chief Douglas Holtz-Eakin: Private Prescription Drug Negotiation: The Key To Successful Public Policy

Former CBO Chief Douglas Holtz-Eakin: Private Prescription Drug Negotiation: The Key To Successful Public Policy

In contrast to the heavy hand of government regulation, private drug plans and pharmacy benefit managers (PBMs) compete to achieve lower costs, promote use of generics, use formularies to promote more affordable brand options, and offer other beneficiary-friendly and cost-savings tools.