Posted on 10/26/2021 12:19:48 AM PDT by blueplum
A pair of new companies are being launched to tackle high drug costs, the latest sign of employer frustration with the middlemen, known as PBMs, whose job it is to keep down the spending.
The Mark Cuban Cost Plus Drug Company PBC and the Purchaser Business Group on Health, a nonprofit coalition of nearly 40 large public and private employers, said they are each starting new pharmacy-benefit management companies.
PBMs work on behalf of employers, labor unions and governments to decide which drugs are available to patients, negotiate rebates on the prices paid for those drugs and process payments to pharmacies. The PBMs pass along much of the savings to their customers. Yet some employers have criticized PBMs for failing to disclose all the rebates and keeping too much of the savings....
...Mr. Cuban’s company plans to soon launch an online pharmacy that will sell 100 of the most commonly prescribed generic medications. The pharmacy is buying drugs directly from generic manufacturers including Amneal Pharmaceuticals Inc., and will charge customers a 15% markup plus a $3 dispensing fee, said Dr. Oshmyansky.
The company is building a plant in Dallas ...
(Excerpt) Read more at foxbusiness.com ...
Revolutionary!
Frankenstein monster wants to be President. We’ve already got The Mummy.
I’m pretty sure it’s the Indians you should be directing that towards.
Ivermectin? Can he dispense that wonder drug?
Unless things have changed recently, it's the CCP from which America imports the most pharmaceuticals [1].
He’ll pay for the drugs with Luka jerseys.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.