And defenders of the PBMs argue that they support free markets! In what other market are you required to give months of advance notice in order to lower prices for customers?
Based on the nature of this letter from @Optum to pharma manufacturers, you get the sense that maybe PBM middlemen do have a part in keeping prices high for drugs. Following the money tells the story. @TPPF @RightOnHC @physvrxshortage@IndDrs@IP4PI https://t.co/MtainuTWmE
@ForestParkPharm@redlgb1969@forestparkpharm@TXpharmAssn led the fight to pass SB 1236 in Texas, which limits the PBMs to recoup only the dispensing fee (usually $1 or less) if there’s an administrative or clerical error like this.
@SenBryanHughes Thank you, Senator. We appreciate your work and appreciate @TexasTDI noting our concerns that PBMs continue to bundle multiple different networks under a single contract in apparent violation of the bill you authored. We appreciate your support of community pharmacy!
@TomOliverson I couldn’t agree with this more. @TomOliverson has enacted meaningful PBM reform that the carriers fought (and lost) under the guise of ERISA pre-emption. States are ready to act.
@marc_palasciano This is pretty offensively racist, and given wheat Italian-Americans experienced 100 years ago, maybe read a history book and stay of social media in hopes of becoming a better person.
@mcuban Reminds me of what Vanderbilt did with railroads. It wasn’t enough to just have a dominant market position. He actively used that power to ensure innovative companies couldn’t possibly try to compete, which eventually led to antitrust laws to break up monopolies.
“ONE OF THE BIGGEST SCAM IN HEALTHCARE”—affecting 90% of patients—CVS, UnitedHealth, Cigna created shell companies to skim patient rebates and and hide rebate payments received from drugmakers. You are paying these middlemen’s middlemen. People have died.
When I was a pediatric resident in Boston @MassGenBrigham 1987-89 I admitted a child monthly with Hib meningitis. It was devastating, caused permanent neurological injury or death, it destroyed families. Then the Hib vaccine became available and the disease mostly disappeared