PBMs are Addressing Health Care Costs
As drug prices continue to rise, Pharmacy Benefit Managers (PBMs) save consumers, on average, $962 every year through a few key tools. First, they identify low-cost generic alternatives to name brand medications so patients can receive the same results at a lower cost. Second, PBMs negotiate directly with large pharmaceutical companies and drug manufacturers, passing along the rebates and savings from these negotiations to health plan sponsors. These savings are used to keep premiums and out-of-pocket costs low for patients. Third, PBMs have advocated for widespread use of prescription home delivery through mail-service pharmacies, resulting in lower copayments on 90-day supplies of medications. As a result of these tactics, PBMs are projected to save American patients more than $1 trillion over the next decade.
Learn more about the role PBMs play in lowering health care and prescription medication costs, how they are supporting Americans amidst this pandemic, and how they 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.