PBMs Work to Expand Access to Those Living With Diabetes
National Diabetes Awareness Month comes at a time when all eyes are on our nation’s medical and health care infrastructure during a global pandemic. This month, it’s worth taking a moment to reflect on how important insulin access is to patients living with diabetes and their families, and how Pharmacy Benefit Managers (PBMs) are working to improve accessibility to insulin.
The cost of insulin can be notoriously high for some patients, and drug manufacturers have increased prices dramatically in the past decade. Prices for long-acting insulin have increased from about $100 per prescription in 2007 to more than $425 in 2019. Over the past decade, PBMs have worked tirelessly to increase access to affordable insulins by using tactics like formulary management and negotiated rebates. Because of these efforts, average out-of-pocket expenses for those with health care coverage have been kept affordable. And for patients whose costs remain too high, PBMs have created innovative programs to limit out-of-pocket costs and improve patient outcomes through care management programs.
Learn more about how PBMs are #OnYourRxSide, working on behalf of people with diabetes.
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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.