May 5, 2022 | Featured, Pharmacy Benefit Managers
Pharmacy Benefit Managers (PBMs) are the middlemen who work for insurance companies to determine what drugs are and aren’t covered on an insurance formulary. They are a player in the supply chain between the manufacturers who make the drug and the patients who need...
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May 5, 2022 | Pharmacy Benefit Managers, Public Statement
WASHINGTON — Patients Rising Now Executive Director Terry Wilcox today released the following statement in response to the Senate Subcommittee on Consumer Protection, Product Safety, and Data Security hearing on pharmacy benefit managers: “Each player in the drug...
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Apr 4, 2022 | Featured, Pharmacy Benefit Managers
On this episode of the podcast, Terry and Bob discuss the negative impact that pharmacy benefit managers (PBMs) have on community pharmacies. PBMs are middlemen between drug manufacturers, health insurers, and pharmacies. Through market monopolization and other...
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Feb 22, 2022 | Featured, Pharmacy Benefit Managers
On this episode of the podcast, Terry and Bob explain how chronic disease patients often fall victim to high healthcare costs due to supply chain ‘middlemen’ driving up prices via kickbacks. The two biggest and most inflationary middlemen are known as...
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Oct 11, 2021 | Pharmacy Benefit Managers
By Surabhi Dangi-Garimella, Ph.D. Independent and community-based pharmacies have started pushing back and raising their voice against certain practices by pharmacy benefit managers (PBMs) that threatens their success, and in some cases their very existence. The...
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Nov 7, 2020 | Featured, Pharmacy Benefit Managers
On this episode of the podcast, Terry and Bob discuss how pharmacy benefit managers (PBMs), middlemen between drug manufacturers and insurers, profit at patients’ expense. PBMs collect hundreds of billions of dollars worth of rebates each year from drug...
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