Anyone who has a regular medication regimen is usually quick to lament how costly it is. Well, you know, drugs are expensive, especially in America! But, what is the industry structure that determines and manages the price? The answer is found in a middleman enterprise known as the PBM, an acronym for Pharmacy Benefit Management. This acronym can also double as an oxymoron for patients who need medications because they are not benefiting from this interference in the system. Profit By Middlemen might be a more honest label.
The Center for Health Information & Policy is a nonprofit entity engaged in health care research, public education, and advocacy. The mission of CHIP is to educate the public about the health care system in the U.S., and advocate for… Read More
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PBMs, The Invisible $500 Billion Per Year Industry
Last Updated: March 26, 2024 by Kent Comfort Leave a Comment
Anyone who has a regular medication regimen is usually quick to lament how costly it is. Well, you know, drugs are expensive, especially in America! But, what is the industry structure that determines and manages the price? The answer is found in a middleman enterprise known as the PBM, an acronym for Pharmacy Benefit Management. This acronym can also double as an oxymoron for patients who need medications because they are not benefiting from this interference in the system. Profit By Middlemen might be a more honest label.
Category: Uncategorized Tags: CHIP, lobbying, prescription drugs
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Last Updated: May 14, 2016 by CHIP Admin Leave a Comment
The Center for Health Information & Policy is a nonprofit entity engaged in health care research, public education, and advocacy. The mission of CHIP is to educate the public about the health care system in the U.S., and advocate for… Read More
Category: Uncategorized Tags: CHIP