
US States Target PBMs to Lower Drug Prices
Legislators across the U.S. are attempting to reduce prescription drug costs by regulating the large companies, known as Pharmacy Benefit Managers (PBMs), that handle drug coverage for health insurers.
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Legislators across the U.S. are attempting to reduce prescription drug costs by regulating the large companies, known as Pharmacy Benefit Managers (PBMs), that handle drug coverage for health insurers.
Upcoming reforms targeting Pharmacy Benefit Managers (PBMs) are anticipated to shift the focus onto drugmakers, potentially increasing pressure on them regarding drug pricing strategies.
Abarca Health and LucyRx have announced their merger, aiming to create an alternative to the 'Big Three' Pharmacy Benefit Managers (PBMs). The combined entity seeks to offer new solutions in the healthcare industry.
There could be a significant impact if the firms that own Pharmacy Benefit Managers (PBMs) are compelled to break up.