Can Independent Pharmacies Survive?
WSHU Public Radio, December 5, 2019
Jeff Chiu / AP
Independent pharmacies say they’re being squeezed to the brink of closing by the sharp rise in prescription drug prices. We’ll discuss how pharmacy benefit managers affect the flow of customers to big and small drugstores, with guests:
How PBMs Pull a Fast One on Even the Savviest of Business Minds
Exceptionally smart and talented people make the health benefit decisions for their Fortune 500 corporations, but it continues to surprise us how very few ever think to push back against the multitudes of underhanded PBM practices regularly reported in the business media. Unfortunately, despite evidence to the contrary, it seems the decision-makers in these super successful companies are buying into the rhetoric, absolutely confident they got the “best deal” and have the “best discounts”.
These are real-life comments from people who refuse to believe PBMs and the brokers who control the bidding would ever manipulate the RFP process and from corporate decision-makers who are in over their heads or can’t keep up with all of the antics of the ‘PBMafia’.
McKesson Corporation is a Fortune 10 healthcare company and even they were fooled. Continue Reading