Drug benefit managers are increasingly profiting off pharmacies and insurers, according to a new state report, driving up the state spending on health care.

The report, issued Wednesday by the Health Policy Commission, focuses on the pharmacy benefit managers (PBMs), which negotiate rebates to drug manufacturers and payments to pharmacies on behalf of insurers.

Pharmacy benefit managers can negotiate on behalf of several insurers at once, leveraging their size to drive down the price of drugs.…

Boston Biz Journal https://www.bizjournals.com/boston/news/2019/06/05/state-reportsays-drug-benefit-managers-are-driving.html?ana=RSS&s=article_search