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Wait, What's a PBM?KFF Health News |
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July 13, 2023 On-Demand Podcast |
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Pharmacy benefit managers, or PBMs, are intermediary companies that negotiate the price of prescription drugs. PBMs are at the center of a tangled knot of pharmacies, drugmakers, and health insurers. Experts say they play a big role in raising prescription drug prices. So, what is being done to regulate PBMs? In this episode of “An Arm and a Leg,” host Dan Weissmann explores how PBMs work and looks into government efforts to check their power. Since this episode originally aired in 2019, widespread legislation to regulate PBMs has been introduced at the state level. Weissmann gives an update. |