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Wespath Benefits and Investments
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Carpenter Morse Group Inc.
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|Uncontainable Drug Costs Spurring Employers to Take Fresh Look at Pharmacy Benefit Managers|
Oct. 27, 2005
Excerpt: Earlier this month Express Scripts Inc., one of the top three managers of employer-sponsored prescription-drug benefits, made headlines by announcing that it would erase Lipitor from its list of preferred drugs. The move marked a sea change in relations between the pharmacy benefit managers (PBMs) and the big drug companies, according to some observers. If they're right, that change is being driven by employers' growing awareness about where their drug-benefit dollars are going.