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Sunday, April 2, 2017

[mukto-mona] Big Pharma Predators: How Hidden Monopolies Raise Your Drug Prices

The Hidden Monopolies That Raise Drug Prices

How pharmacy benefit managers morphed from processors to predators

March 28, 2017

<< He blames a collection of powerful corporations known as pharmacy benefit managers, or PBMs. If you have drug coverage as part of your health plan, you are likely to carry a card with the name of a PBM on it. These middlemen manage prescription drug benefits for health plans, contracting with drug manufacturers and pharmacies in a multi-sided market. Over the past 30 years, PBMs have evolved from paper-pushers to significant controllers of the drug pricing system, a black box understood by almost no one. Lack of transparency, unjustifiable fees, and massive market consolidations have made PBMs among the most profitable corporations you've never heard about.  >>


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