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The Federal Trade Commission is pushing PBMs for greater transparency in an effort to help employers take control of their prescription costs. But what is transparency without access to plan data or performance analytics? Currently, employers are disempowered because too many don’t own their data, have to pay extra to get access to what should already be theirs, or only receive partial access. These PBM practices of obscuring data have led to significant distrust from all stakeholders. To fix a broken system, the data being hidden by these third parties needs to be freed to provide employers and plan members with the information they need to find the path to lower costs. Recommended Stories
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Traditional health plans fail to hit the mark for employers and employees alike, with few employees actually benefiting, out-of-control prices, low perceived value and low satisfaction. Download this eBook and learn how you can help your clients enjoy new options in the health benefits landscape.
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