Pharmacy Benefit Managers (PBMs): A Secret Behind High Drug Costs

Trucker Huss

PRESENTER: Mary Powell

Prescription drug costs keep escalating. What is driving these high costs? Pharmacy Benefit Managers (PBMs) are a large part of the problem. Understanding where PBMs fit into the drug pricing puzzle is key for plan sponsors.

The following will be discussed:

• An explanation of PBMs
• Basic concepts of how PBMs make money from health plans
• Fiduciary obligations related to PBM contracts and services
• How to read and negotiate a PBM contract
• How the new transparency rules under the Affordable Care Act and the Consolidated Appropriations Act provide tools for plan sponsors to negotiate PBM contracts
• Recent case law regarding PBMs

Questions or Comments: Contact: webinars@truckerhuss.com

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