PBMs are supposed to help health insurance companies negotiate lower prices for drugs, but patient advocates say the opposite is true.
Americans are sicker and pay more for healthcare than people in other rich nations. We need to change that now | PennLive EditorialAmericans pay far more for healthcare than people in other nations, and a bipartisan group of congressmen and women are trying to change that by reforming the practices of pharmacy benefits manager .Americans spend thousands more on healthcare than people in other developed nations, and by many accounts, we are less healthy and die younger than they do.
Whatever savings they negotiate from Big Pharma stay in their pockets and is not passed on to consumers, they argue. And the whole pricing system is shrouded in smoke and mirrors. PennLive's Editorial Board meets with patient advocates who want to reform the practices of pharmacy benefits managers that control the cost of medication.Shoemaker told the Editorial Board of PennLive and The Patriot-News that she has a rare blood disease, and for 15 months she had to pay thousands of dollars for medication that kept her from dying. She also had to forego surgeries she needed because she just couldn’t pay for them.
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