Mildred Honeycomb, Famed PBM Professor at MMU
A two sentence tutorial on how to evaluate a PBM proposal…………………..
Most insurance consultants have no clue how to evaluate PBM proposal offers. They simply rely on questions to determine value. They continue to rely on AWP benchmarking and invisible MAC pricing and the famed and flawed re-pricing exercise.
There is only one way to evaluate a PBM offer…………………….
TUTORIAL BELOW (PBM 101)
Plan sponsors should conduct a contract-focused PBM RFP to obtain contract terms affecting pricing. Conducting a RFP based on answers to a RFP questionnaire will not get you the PBM contract you need.
Memorize this lesson and you have now qualified to enroll in PBM 201. See you in our upcoming Summer Session
