Express Scripts’ new formulary: A viable alternative to rebates or smoke and mirrors?
Express Scripts' new Flex formulary has been touted as an alternative to the rebate-based system, but who really benefits?
By Madelaine A. Feldman|December 13, 2018 at 10:55 AM
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“Eliminate the middleman.” This has become the mantra for reducing prices of prescription medication, but many consumers find themselves wondering just who is the middleman?
In the prescription medication universe, pharmacy benefit managers (PBMs) act as go-betweens for insurers, drug makers and pharmacies, with the supposed goal of controlling drug utilization and cost. These PBMs are the entities primarily responsible for producing health formularies, the lists of prescription drugs covered in part or in full for insurance enrollees. As formulary coverage could mean the difference between financial security or ruin, PBMs are rightfully coming under increasing scrutiny.
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