For years, pharmacy benefits managers, the third party administrators of prescription drug programs, have insisted that they save employers money by helping them negotiate prescription drug coverage with drug manufacturers. But pharmacists and other consumer advocates have often been skeptical of PBMs' real value.
How can a middle-man who makes huge profits help lower costs for the rest of us?
A new education campaign sponsored by the National Community Pharmacists Association (NCPA) called "Who Runs My Drug Plan?" goes right at that very question. The answer is that PBMs don't lower costs. In fact, they often mark-up the price of medications and keep the profits.
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