Drug Topics August 16, 2024
Tom DePietro, PharmD, owner of DePietro’s Pharmacy in Dunmore, Pennsylvania, discussed his experience as an independent pharmacy owner working under the thumb of pharmacy benefit managers.
Within the pharmaceutical supply chain, pharmacy benefit managers (PBMs) were once little-known entities in the eyes of Americans, serving just one small part of a long process. However, as more and more of their questionable and opaque business dealings have come to light, PBMs have become the single most scrutinized group within the drug supply chain.
While PBMs were originally designed to save patients money, they have since pivoted to controlling a majority of the market and driving more revenue toward major corporations, especially the “Big 3” PBMs: CVS Caremark, Express Scripts, and OptumRx....
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