Author: fosemckay

The Pharmaceutical Care Management Association has launched a campaign to show the value of pharmacy benefit managers in the health care system. "We have an aggressive campaign to defend affordable drug benefits, to defend the tools PBMs use to reduce costs," said PCMA President and...

A report, funded by the pharmaceutical lobby, shows that pharmacy benefit managers are making drugmakers compete to keep prices in check, says Pharmaceutical Care Management Association President and CEO Mark Merritt. "[P]ayers have been demanding and getting bigger and bigger discounts and rebates as drug...

Pharmacy benefit managers negotiate rebates with drugmakers, and the groups and employers that hire PBMs determine how the savings are used to reduce premiums and other costs, Pharmaceutical Care Management Association President and CEO Mark Merritt writes. "Like Walmart, Costco, and every other discounter, PBMs...

As drugmakers raise the price of insulin drugs, pharmacy benefit managers are opting to cover less expensive, clinically effective, options for patients. "Employers, unions and government programs that offer these benefits don't have much choice but to spend their resources on competitively priced (medications) that...

The rollout of new drugs like Sovaldi, the pricing revelations at Turing Pharmaceuticals, and the Epipen episode have fed both concerns about pharmaceutical pricing and problematic proposals to address these concerns. Three-quarters of Americans say they want more government interventions to address public alarm around...