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GAO Report: Effects of Using Pharmacy Benefit Managers on Health Plans, Enrollees, and Pharmacies
U.S. Government Accountability Office [GAO] 
Jan. 13, 2003
44 pages. "GAO was asked to examine how pharmacy benefits managers participating in the federal program affect health plans, enrollees, and pharmacies. GAO examined the use of PBMs by three plans representing about 55 percent of the 8.3 million people covered by FEHBP plans. For example, GAO surveyed 36 retail pharmacies on prices that a customer without third party coverage would pay for 18 high-volume or high-expenditure drugs and compared these prices to prices paid by the plans and PBMs." [GAO-03-196, Jan. 10, 2003]
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