Pharmacy Times October 14, 2024
Key Takeaways
- PBMs have shifted from administrative roles to profit-driven entities, focusing on in-house dispensing and rebate schemes.
- The FTC has launched investigations into PBM practices, highlighting potential market misalignments and economic rents.
- Transparency and value-based contracting are essential for PBMs to align with purchaser demands and ensure market functionality.
- Community pharmacies face closures due to unfavorable PBM contracts, necessitating urgent industry changes to maintain access and sustainability.
PBMS ARE BUSINESSES, DESIGNED TO MAKE A RETURN ON EQUITY AND INVESTMENTS
Nearly every working or retired American owns a piece of a company with a pharmacy benefit manager (PBM). I frequently ask a room of pharmacy owners how many of them log into their brokerage or retirement accounts each...
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