Biosimilars and Generic Drugs Bring Down Costs and Expand Patient Access
As prescription drug prices continue to increase costs , Pharmacy Benefit Managers (PBMs) look for new ways to keep medications safe, affordable, and accessible for patients. That is why competition in the marketplace is vital to helping patients access medications.
PBMs leverage competition among drug manufacturers in the marketplace to reduce costs for patients. However, some manufacturers attempt to block competitors from entering the market — that results in monopolistic pricing and higher costs for patients. Ending these anti-competitive pricing tactics will allow PBMs to do what they do best: lower costs for patients and health plan sponsors.
With more generic drugs and biosimilars entering the market, PBMs will have the ability to leverage competition to provide patients with greater access to affordable prescription medications.
Learn more about these other ways that PBMs are working hard to lower prescription costs for patients and are always #OnYourRxSide.
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Pharmacy benefit managers (PBMs) are your advocates in the health care system, working to lower out-of-control prescription drug costs for patients across the country.