@POTUS Drug companies exist in other countries but the U.S. is the only country who's turned drug pricing to PBMs--THAT is why Americans pay more for drugs than the rest of the world. Say their name! #SOTU2024
Fire had made its way into Fritch, TX. It’s moved into neighborhoods and structures are on fire. We have assisted with evacuation because the fire was already on people who had no idea it was in there backyard. Bad situation ongoing! #txwx#firewarning#texas
#PBMs began as claims processors over 30 years ago.
Under the guise of “savings”, PBMs repeatedly offered “solutions” to high drug costs while consolidating revenue and power.
#PBMs now near the top of the Fortune 500 with billions in profits & drug costs are higher than ever
Imagine your grocery store couldn't stock foods you always bought there bc they cost the grocer more then they could sell them for.Its happening w/pharmacies everywhere. @megfarrisWWL piece talks about 2 #CommunityPharmacies here in #NewOrleans. https://t.co/WChVHBc3nm via @WWLTV
Must watch! PBMs are the judge, jury & executioner of biopharmaceutical access!
They process claims, set benefit design and dispense the medicines and now thanks to vertical integration gone wild they are the plan sponsor or issuer as well. @FTC@CMSGov
Must-read op-ed from @GovHowardDean about payer and #PBM tactics to grab #rebates and patient copay support funds.
Powerful and cogent discussion on accumulators, maximizers, reverse insurance, #GrossToNetBubble, etc.
https://t.co/QqfqdVI8hC
@CarterHighRPh @linakhanFTC We had to start charging a medication disposal fee because our containers are getting filled up with mail order excessive waste.
"...CVS's SilverScripts PartD subsidiary as well as its Caremark PBM & retail pharmacies worked together to prevent access to generics which allowed it to pocket ⬆️ rebates because members were pushed to buy branded meds rather than lower-cost options"@FTC https://t.co/HP7pfZiAqN