Sen. Wyden to lead a congressional investigation into the high cost of prescription medications and the roll of PBMs in pricing.
PORTLAND, Oregon — If you’ve not heard the term “pharmacy benefits manager,” just think Express Scripts, Caremark, Optum Rx and others. About 85% of Americans get their drug prescriptions through a pharmacy benefits manager (PBM).
But PBMs are under fire for practices that watchdogs say drive up the cost of prescription medications, with independent pharmacies and consumers getting the worst of it.
For everything from prostate drugs to insulin, PBM’s have a hand in setting prices for what they pay manufacturers, and also what
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