HEALTH CARE un-covered • 679 implied HN points • 24 Jan 24
- Pharmacy benefit managers (PBMs) make a lot of money, often taking nearly half of all spending on drugs for Medicare and Medicaid. This needs to change so that more money goes directly to patients and their care.
- There is growing bipartisan support for reforming PBMs, but it’s important that these changes don’t only apply to Medicare and Medicaid. They should also include employer-based insurance plans, as many Americans still rely on them.
- Reforming PBMs could lower drug costs for both companies and their employees. It's a move that could save money for everyone and cut out unnecessary profits made by these middlemen.