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.
Cor-por-a-tol-i-gar-chy. All together now, say it with me. You can do it because I broke out all seven syllables just for you. Do you need me to put it to music, too? Wikipedia offers the definition of Corporatocracy… Read More
In the United States, prescription drugs are expensive – so expensive in fact that many people needing one or more drugs such as insulin are going without the medicine needed to keep them alive or, at the least, from chronic pain and suffering. This is happening in an amazingly advanced country with the largest economic system in the world. It is not happening in other similarly advanced nations.
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Tag: lobbying
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
Corporatoligarchy
Last Updated: December 4, 2023 by Kent Comfort Leave a Comment
Cor-por-a-tol-i-gar-chy. All together now, say it with me. You can do it because I broke out all seven syllables just for you. Do you need me to put it to music, too? Wikipedia offers the definition of Corporatocracy… Read More
Category: Lobbying and Politics Tags: business ethics, lobbying
Why Do Prescription Drugs Cost So Much In The United States? – Part 1
Last Updated: January 23, 2024 by David Kingsley, PhD 389 Comments
In the United States, prescription drugs are expensive – so expensive in fact that many people needing one or more drugs such as insulin are going without the medicine needed to keep them alive or, at the least, from chronic pain and suffering. This is happening in an amazingly advanced country with the largest economic system in the world. It is not happening in other similarly advanced nations.
Category: Lobbying and Politics Tags: big pharma, corruption, insurance, lobbying, NAFTA, politics, prescription drugs