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Business Wire 02/26/2020 19:53
History shows that when PBMs, insurers, and pharmacy chains merge, the combined Mega Firms are rife with conflicts of interest and opportunities for self-dealing.
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Senate Bill 50, sponsored by Sen. Max Wise, R-Campbellsville, is aimed at companies known as pharmacy benefit managers, or PBMs, that handle prescription drug claims for health insurance companies, including those that oversee most of Kentucky's Medicaid business.
More from Courier- Journal (Louisville):
Pharmacies say that they are struggling against the pricing policies and business practices of companies known as pharmacy benefit managers (PBM), firms that play a middleman role with drugmakers and health plans.
More from Minneapolis Star-Tribune (United States):
For both benefit options, as previously described, MA plans have the flexibility to establish a maximum plan benefit coverage amount for supplemental benefits or a combined amount that includes multiple supplemental benefits, such as a combined maximum plan benefit coverage amount that applies to dental and vision benefits ...
More from Federal Register - Public Inspection (OFR): 02/12/2020 08:14
Pharmacy benefit managers negotiate drug discounts for health insurers and employers, and earn from taking a cut of the rebates offered to them by drugmakers, and have come under scrutiny in the past over their role in ...
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Forbes 02/06/2020 10:00
Cigna followed shortly with the $54 billion purchase of pharmacy benefits major Express Scripts.
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NASDAQ 02/06/2020 06:28
Cigna Corp reported a better-than-expected quarterly profit on Thursday, as the health insurer kept a tight lid on medical costs and benefited from its $52 billion acquisition of Express Scripts.
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PR Newswire 02/04/2020 08:41
Michael L. Gallegos , owner of Corrales Pharmacy, first found out about AllerPops at the New Mexico State Fair.
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STAT 01/31/2020 10:13
The report, which analyzed approximately 350 million state Medicaid pharmacy claims from 2012 through 2019, noted that PBMs sometimes reimbursed their own pharmacies for certain medicines at substantially higher rates than what other drug stores received, and payments to their affiliated pharmacies greatly exceeded the cost to dispense the drugs ...
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