PBMs

PBMs, or Pharmacy Benefit Managers, are third-party administrators of prescription drug programs for insurers, employers, and government agencies. They manage drug formularies, negotiate rebates with drug manufacturers, and process prescription claims.

Why it’s in the news: They are in the news due to scrutiny over their methods for obscuring drug costs and overcharging, as well as new agreements to display drug prices more transparently.

Latest on PBMs

• STAT+: PBMs agree to display TrumpRx drug prices
• STAT+: State audit of Medicaid records points to methods used by PBMs to obscure drug costs
• STAT+: Pharmalittle: We’re reading about a telehealth firm and patient safety, PBMs overcharging, and more

Connections

5 entities linked to PBMs across the news graph.