| Abstrakt: |
The Washington State Pharmacy Association (WSPA) and Washington Health Alliance (WHA), in partnership with 3 Axis Advisors, released the results of a first-of-its-kind study that exposes the erratic pricing practices of pharmacy benefit managers (PBMs) in Washington State. The study, which was covered today in the Wall Street Journal, reveals that PBMs charge employers vastly different amounts for the same prescription medications, inflate drug prices at PBM-affiliated mail-order pharmacies, and have driven an increase in employer health care costs over the past four years. Meanwhile, pharmacies are receiving lower reimbursements for the same prescriptions that employers are paying higher prices for, leading to closures of pharmacies while PBMs pocket the difference for profit. [ABSTRACT FROM PUBLISHER] |
