Over the past decade, employers, HMOs, health care insurers, and various government entities have turned to pharmacy benefit management companies (PBMs) to help control their drug budgets.

As PBM services have traditionally been dominated by large companies such as CVS Caremark, Express Scripts and OptumRx, health systems are starting to create alternatives. Here are four more things to ...

Longstanding claims that one of the reasons for high drug prices in the US is the actions of pharmacy benefit management (PBM) companies – the middlemen in the supply chain – are being ...

A new report by the Federal Trade Commission says pharmacy benefit management companies are driving up your out-of-pocket costs for prescription drugs.

but few understand the market distortions introduced by pharmacy benefit management (PBM) companies that negotiate prices on behalf of employers, insurers and government programs.

When the little south St. Louis drugstore finally closed last month, it joined a growing number of independent pharmacies that say the rise of pharmacy benefit management companies, and a dip in ...

(WHNT) — A group of Huntsville-area pharmacies have joined a class action lawsuit alleging price-fixing and anti-competitive practices by the largest pharmacy benefit management companies in the ...

Pharmacy benefit managers, or PBMs, act as middlemen between drug companies and consumers. They negotiate volume discounts and fees with drug manufacturers on behalf of employers and health plans ...

Tabula Rasa HealthCare, following its 2023 merger with ExactCare of Cleveland, earlier this month announced it had undertaken ...

Even as some advocate for more transparency within the industry and for reining in pharmacy benefit management companies, other groups in Massachusetts believe these work to their benefit.

Sen. James Lankford has been trying to pass legislation in response to an industry he believes will leave small towns without ...

The PBM is the entity for which the entire ... Therefore, entities like insurance companies and TPAs often outsource the management of pharmacy benefits to one of the major PBMs.