The Pharmaceutical Benefits Manager (PBM), is an organization that provides services, educational programs, and patient support services. PBMs can negotiate large contracts with their customers and negotiate with the pharmaceutical companies and pharmacies for the best prices.
With rising prices of prescription drugs taking center stage in the national healthcare dialogue, turning to generic drugs has been heralded as a way to keep costs down. However, generics may not be the cost-saving alternative once thought under the current design of the Medicare Part D program.
AARP report finds costs average more than four times average annual Social Security benefit
President Trump signed an executive order Monday on price transparency in health care that aims to lower rising health care costs by showing prices to patients. The idea is that if people can shop around, market forces may drive down costs.
(Source) Compared to other major expenditures of American households, spending on health care is a drag. In exchange for what…