Skip to content

Florida PBMs are Working to Reduce Prescription Drug Costs for Millions of Floridians

In 2019, PBMs helped to provide Floridians access to more than 255 million prescriptions. PBMs are the only members of the prescription drug supply chain that are working to lower drug costs. Over 10 years, PBMs will save Florida health plan sponsors, public programs, and patients more than $68 billion on prescription drug costs.
Florida Map
PCMA-Facts–Florida

PBMs save Floridians: $31.3 Billion on commercial/private insurance, $33.5 Billion on Medicare Part D, $3.2 Billion on MEDICAID. It is a total of $68.1 Billion.
Source: The Return on Investment (ROI) on PBM Services

Share This
PCMA-Facts_Minnesota-2

PBMs save patients and payers 40-50% on prescription drug and related medical costs, compared to what they would spend without PBMs.
Source: The Return on Investment (ROI) on PBM Services

Share This
PCMS-Fact-3

PBMs save patients an average of $962 per person, per year.
Source: The Return on Investment (ROI) on PBM Services

Share This

During COVID-19

PBMs are working to help over 21 million Floridians safely access affordable prescription medications.

In the COVID-19 pandemic, PBMs are working with health plans, prescribers, drug manufacturers, pharmacists, and federal and state agencies to make sure patients in Florida continue to receive their prescription drugs in a safe, efficient and affordable manner.

To mitigate the adverse effects that COVID-19 has on patients and communities across the state PBMs are:

  • Working with pharmacy partners to assist with mailing prescriptions; and
  • Temporarily waiving requirements for pharmacies to obtain proof-of-receipt signatures from patients, unless required by law

PBMs are also leading collaborative efforts with industry stakeholders, including pharmaceutical manufacturers, pharmacies, hospitals and health plans, to minimize the potential for a shortage of any drug for Floridians. If patients encounter a disruption for a specific medication, PBMs stand ready to work with both prescribers and health plans to identify covered and acceptable therapeutic substitutes.

 

01

Stay up to date on your healthcare savings.

Get updates and more information on how PBMs are lowering your prescription drug costs and coordinating your healthcare by subscribing below.

02

Follow PCMA on social media for news and updates.

Follow us on social media for updates and information about prescription drug pricing.

Read more about how PBMs are #OnYourRxSideFL

PBMs serve a critical role in the health care system: advocating for our patients and payers.

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…

Read More

PBMs Are Helping People With Diabetes Stay Informed About Their Health Care

National Diabetes Month is an annual reminder of the importance of tailoring care management to every person’s…

Read More

PBMs Are Keeping Costs Down for People Living With Diabetes

As we reflect upon National Diabetes Month, we all know how threatening diabetes can be for millions…

Read More
pills

Better Access. Better Cost. Better Health.

PBMs are advocates for Floridians in the health care system, working to lower out-of-control prescription drug prices for patients, and acting as your care coordinators to keep you safe and healthy.
Scroll To Top