Pharmacy Benefit Managers: Too Powerful?

“To patients, it appears they are purchasing medication from a pharmacy — with their doctor’s permission — and are simultaneously or subsequently reimbursed for their expense by their insurance company. In reality, their purchase is the end result of an extensive process of contract negotiation, cost-benefit analysis, corporate haggling, manufacturer rebates, and the artful salesmanship of pharmacy benefit managers. While simplified transactions are ordinarily beneficial to consumers, in the case of prescription drugs they conceal unnecessarily inflated prices.” To read more click here

Once again, we see why BTL’s model of Transparent Pricing is so valuable.