PBMs are #OnYourRxSide: Lowering Prescription Drug Costs
Many Americans with health care coverage often misunderstand the role of Pharmacy Benefit Managers (PBMs). PBMs are responsible for helping 266 million patients save considerable amounts of money annually. This includes reduced costs on prescription medication, health care premiums, and inpatient care. While PBMs typically work behind the scenes, they prioritize the care of patients on the frontlines.
Moving forward, reducing prescription drug costs will be paramount for health plan sponsors. PBMs work closely with pharmaceutical companies, pharmacists, and providers to deliver prescription drugs to patients that are both effective and affordable.
Over the next 10 years, PBMs are projected to save American health care patients more than $1 trillion – or $962 per person, per year. As the health care system continues to evolve, PBMs will continue to deliver high-quality pharmacy benefits for patients. To learn more about the value PBMs provide patients and payers, listen to our new podcast 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.