HEALTH CARE un-covered • 159 implied HN points • 17 Feb 22
- Pharmacy Benefit Managers (PBMs) are having a big impact on drug prices and people's ability to afford medications. Many Americans are struggling with high out-of-pocket costs and can't pick up their prescriptions.
- Big companies like UnitedHealth, CVS Health, and Cigna dominate the PBM market and have merged with health insurers. This has led to higher deductibles and premiums, putting families in financial trouble, even as these companies are making huge profits.
- The practices of these large PBMs can hurt independent pharmacies and might not benefit consumers. There is a call to investigate how these companies operate and how their actions affect patients and healthcare costs.