Archive for September 20th, 2015

Dr. Belk Issues Financials On PBM’s

Sunday, September 20th, 2015

The actual purpose of a pharmacy benefits manager (PBM) is somewhat questionable. Their stated purpose is to mediate prescription medications prices for insurance companies. What’s interesting is the fact that over 80% of prescription drugs sold since 2012 are generic which means that most of these medications are inexpensive to begin with. What’s more, there’s no evidence that PBMs provide any real discounts to the prices of brand name medications.