Pharmacy Benefit Managers (PBMs) were created on the guise of saving money for the consumer. In reality, they were a huge scam to steal money from the Pharmacists that actually do all the labor. They somehow created themselves and interjected themselves as a middle man between the Pharmacist and the Insurance companies. They began small by charging a dollar or two for every transaction. Because they were unregulated and realized the opportunity in front of them, they slowly began to increase their charges until currently taking in some instances 99% or 100% of what Community Pharmacists historically would make on processing a prescription. It is truly theft and resulted in many community pharmacies closing their doors. Eliminating completely the PBMs would cause no harm to anyone, and would benefit communities greatly by encouraging and supporting their local Pharmacies.
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