Pharmacy benefit managers

[sirenman1966 (James Robert Long)]

pharmacy benefit managers are the middle men between pharmaceutical companies and your insurance/Medicare/medicaid. they do not sell,manufacture, prescribe or otherwise handle medications. they do however set the formulary for your benefit group.they also set the A.R.P. (average retail price) for pharmaceuticals. the issue is most major pharmacies or insurance companies own the pharmacy benefit managers companies. pharmacy benefit managers profits are a percentage of the medication costs.the higher a drug price is the more money they make. this is a clear conflict of interest and it is drivinggenericmedicationsoff the formularies of most insurance companies to be replacedbymore expensive medications with the consumer footing the difference. CVS, United Healthcare, Aetna all of the biggest insurance companies or pharmacies own their own benefit managers and are profiting from higher drug costs. i hate to be seeking regulation but these companies have become so powerful I’m not sure there is another way, i believe these companies owning PBM’s,pharmacies and now clinics and medical practices should be a clear antitrust violation.