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What is transparency? 6 things to look for in a PBM contract

Apparently, everyone is for transparency now. So why do employers and their brokers still struggle to understand prescription drug pricing? Here’s why – and six things to look for in your PBM contracts to ensure true transparency.  

By Chris Blackley | April 10, 2023 at 11:05 AM
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Transparency is finally having its moment. With the Transparency and Coverage Rule and the FTC’s probe into the major pharmacy benefit managers (PBMs), the topic has gained steam. That’s good news, but if we’re all for transparency now, why doesn’t everyone understand drug pricing  or know their prescription cost when they show up at the pharmacy counter? 

Rather than waiting for these overdue transparency actions to be implemented, there’s something that employers and brokers can do right now: Ask the right questions.  

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