A new area of potential liability for employers was recently opened when a class-action suit was filed against Johnson & Johnson (J&J), accusing it of mismanaging its pharmacy benefit...
PBM
PBMs Feeling the Heat on All Fronts
While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving...
The Role of Pharmacy Benefits Managers and How Your Business Can Take Control to Reduce Rx Costs
As a business leader, you’re accustomed to managing every aspect of your company. From clients to carpet colors, you’re used to being the final say in...
PBM Trade Association Sues Over Transparency Rules
As the federal government continues rolling out new laws and regulations aimed at increasing price transparency in the health care industry, one group is fighting back: pharmacy benefit managers....
Trump Administration Decides Not to End PBM Rebates
The Trump administration has decided not to pursue a policy that would have put an end to rebates paid to pharmacy benefit managers, which could put the focus again on how drug companies set their...
Ohio Auditor’s Report on PBMs Sparks Changes
An audit carried out for Ohio Medicaid found that large pharmacy benefit managers that contract with the state's Medicaid program have been pocketing a larger and larger share of drug pricing. In...
Pharmacy Benefit Managers: A Brake on Rising Prescription Costs or a Cause of Them?
In 2017, spending on prescription drugs grew 11%, faster than any other category of health care spending, according to the U.S. Centers for Medicare and Medicaid Services. The report cited increased...
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