I didn’t even hear the term “PBM” unless I was out in practice for a few years, which is what they want. They live in the shadows. It’s so obvious that PBMs are bad for healthcare, bad for patients, bad for independent pharmacies. There is not a single good thing about their existence.
@NYReport1 @mikepompeo No. They. Don’t. They force brand names to stay on formulary so they can pocket rebates and charge patients more. Heard of spread pricing? Look it up.
How much are they paying you to say that? As a community pharmacist I can tell you that is completely false. They barely pay pharmacies for the cost of the medications, and brand names they pay us less than cost, charge patients hundreds of $$ and pocket the rebates.
The New York Times got this one badly wrong.
PBMs negotiate lower costs to save patients billions - that's why companies hire them.
A government takeover of this industry would only raise costs for everyone.
Today’s episode of “How to destroy a community pharmacy” features a real gem for a cancer patient
Cost: $6.64
PBM paid: $19.81
Copay: $4.15
DIR fee: $116.16
Net loss: $98.84
Hmm that seems fair @FTC@TruthRX @linakhanFTC @TedOkonCOA@ErinLAlbert@alexosh@keavenyrx#PBMabuse
“When you’re filling the prescription, the PBM tells you the patient pays $20 for this drug, we’ll pay you $100,” Hoey said. “As the pharmacist, I say, OK, I get a total of $120 for a drug that cost me $110 from the wholesaler. Then three months later, the PBM says, ‘Actually, I’m only going to pay you $83.’ So I lost $17 on the sale and I have no ability to object.”
https://t.co/96Mlu1FYyw
@CatchTheBaby@mike_natter@cvspharmacy And this👆🏼👆🏼👆🏼. I should add that chain pharmacists and techs work so hard for their patients but when they are not supported by the greedy corporations with enough staff, the result is reduced patient care. Not the pharmacy staff’s fault.
@mike_natter@cvspharmacy Encourage patients to support local independent pharmacies. They will receive better care, better collaboration with providers and it suppprts the local community/economy and doesn’t line pockets of greedy PBMs like @CVS.
@Walgreens it is completely unacceptable that this company is so greedy that it cannot staff a store appropriately so that my father can get post-surgery medication filled in less than 5-7 hours. Patient care is not a priority. Lining the pockets of the higher ups is.
@Walgreens Note the average salary of
Pharmacists and pharmacy techs on the front lines vs the CEO of @Walgreens . Why are the employees charged with taking care of patients making a very small fraction of what the CEO of the company makes? GREED.
@Walgreens Nope, sorry, I refuse to throw the hard-working staff under the bus. Corporate should staff their stores to safely provide patience care rather than providing minimal help
In exchange for huge salaries for the corporate staff. It is shameful.
I just put up a video about pharmacy DIR fees. Like most physicians, I had no idea this was a thing. PBMs are innovating greed. Please watch.
30 Days of US Healthcare: DIR Fees
https://t.co/eLxVZ84QeE