PBMs manage prescription drug plans for millions of Americans who have health insurance, such as union health plans, commercial insurance plans, and managed Medicaid plans.
PBMs are your advocates, negotiating with drug manufacturers and pharmacies for lower prescription drug prices and higher quality. PBMs negotiate with drug makers and pharmacies to lower costs by encouraging competition, promoting access to generic drugs, and securing rebates and discounts for patients and payers.
The results are better health outcomes and greater patient savings.
How PBMs Save Consumers Money
As the costs and use of prescription drugs continue to rise, Pharmacy Benefit Managers (PBMs) work hard to find cost savings wherever possible. PBMs use a variety of strategies to reduce out-of-control prescription drug prices.
Help control prescription drug price hikes.
Pharmacy Benefit Managers (PBMs) are your advocates in the health care system, working to lower out-of-control prescription drug prices for patients across the country.