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GAO Report on Medicare Part D: Use of Pharmacy Benefit Managers and Efforts to Manage Drug Expenditures and Utilization
U.S. Government Accountability Office [GAO] Link to more items from this source
Aug. 14, 2019

"In 2016, [pharmacy benefit manager] rebates offset Part D spending by 20%, from $145 billion to $116 billion.... Pharmacy benefit managers' compensation for working with plan sponsors primarily consisted of fees from plan sponsors, rather than being allowed to keep a portion of the rebates they negotiated. Plan sponsors used these managers to provide about three-quarters of Part D prescription drug services." [GAO-19-498, pub. Jul. 15, 2019, released Aug. 13, 2019]

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