PBMs are #OnYourRxSide During This Pandemic
In the coming weeks and months, America will begin attempting to re-start the economy and hopefully take steps toward a semblance of a new normal. However, even as this process gets underway, our economy has been shaken to its core with ramifications that will reverberate for some time to come. In this new reality, America’s employers and health plan sponsors will face daunting challenges as a result of COVID-19’s impact.
That’s what makes the mission of pharmacy benefit managers (PBMs) all that much more important. PBMs are hired by employers and health plans to reduce costs and enhance access to prescription drugs, while helping to keep a lid on health care premiums. Accomplishing these goals and continuing to find ways to help patients obtain their medications, while staying safe during the COVID-19 pandemic, are essential.
The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a substantial impact on the global economy that has caused an explosion of unemployed Americans, many of whom rely on employer-sponsored health care coverage. The safety-net programs, such as Medicaid and the Exchanges, will be more important than ever to providing needed coverage options for patients.
This is a stressful, unprecedented time for all of us, but PBMs are working to provide 266 million patients peace of mind through our continued services and tools. For more information, please click here.
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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.