Healthcare Finance News July 27, 2020
The order reinstates a previously withdrawn rule mandating PBMs to give the rebate savings to consumers, rather than health plans.
President Trump has signed four executive orders that have the goal of lowering prescription drug prices but one that reinstates a previously withdrawn rebate rule is getting pushback from some stakeholders.
The order mandates that pharmacy benefit managers no longer give health plans a portion of the drug savings but give the rebates as discounts to consumers. The Trump administration said the rule will save seniors an estimated $30 billion per year.
WHY THIS MATTERS
Insurers and others say it will only increase prices for consumers. Insurers have said they use rebates to decrease premiums for all consumers.
“We...
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