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Pharmacy benefit management. In the United States, a pharmacy benefit manager ( PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans.
PBMs have used various strategies over the years to squeeze independent pharmacies, ... Independents also account for 900 million prescriptions per year, compared to 600 million from mail-order.
By Ahmed Aboulenein. WASHINGTON (Reuters) - Pharmacy benefit managers (PBMs) are in the crosshairs of Republicans and Democrats in Congress but have so far dodged any new litigation or reforms ...
Sherrod Brown has a chance to get real answer about PBMs during UnitedHealth Group's cybersecurity hack hearing. PBMs drive drugs cost up, run Ohio pharmacies out of business. Brown must get answers.
Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States. [2] Express Scripts had 2016 revenues of $100.752 billion. [2]
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They require PBMs to act in the best interest of health plans in a way that conflicts with PBMs' role as the intermediary, which is the foundation of the PBM industry. The Pharmaceutical care management association, the national trade association representing PBMs, starkly opposes legislation of this kind. The PCMA believes public disclosure of ...
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