Pharmacy Benefit Managers

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How prescription-drug middlemen make their money

USA Today – The path of prescription drugs from the factory to the patient is complicated. Here, Julie Appleby of Kaiser Health News explains how money flows through the system and contributes to the cost of a 30-day supply of a hypothetical brand-name medicine. [continue reading]

RXPrescription

Drugmakers Point Finger at Middlemen for Rising Drug Prices

Pharmacy-benefit managers and the rebates they command come in for criticism by pharmaceutical executives Wall Street Journal – As U.S. drug prices rise, drugmakers are playing down their role, instead heaping blame on the middlemen who help determine how medicines are priced. Some of the sharpest criticism has... [continue reading]

A standard orange prescription bottle full of yellow pills. The information on the label has been covered. A few pills sit outside the bottle, at its base.

Community Pharmacists Continue to Struggle with Below-Cost Reimbursements for Generic Drugs

For Hashim Zaibak of Hayat Pharmacy in Brookfield, Wisconsin, “There isn’t a single day in the pharmacy where we don’t dispense a prescription in which the reimbursement is below cost.” Unfortunately, many community pharmacists nationwide are in the same situation of paying more for generic medications than... [continue reading]

RXPrescription

Proposed Legislation in Florida Will Help Community Pharmacies Stay in Business; Care for Patients

Image trying to run a business without knowing how much you will be paid for your products or services in advance? Sadly, this is an all-too-common scenario for community pharmacies nationwide, including for Polycarp Agbara, owner of Eagle Lake Pharmacy in Lakeland, FL. However, proposed legislation in... [continue reading]

HealthcareTeam

Don’t Let Pharmacy Benefit Managers Reduce Patient Access to Pharmacy Care

This past spring, Iowa Governor Terry Branstad signed into law bipartisan legislation, H.F. 2297, that provides the state’s Insurance Commissioner with greater authority to oversee pharmacy benefit managers (PBMs) and to ensure that their practices don’t result in the closure of more community pharmacies in rural and... [continue reading]