SCPC: Another New Study Details Pharmacy Benefit Manager (PBM) Pocketing Rebates as Profits – Not Passing on to Patients Through Lower Premiums

PhRMA Milliman Analysis Debunks PBM Claims That Rebates Help Reduce Out-of-Pocket Costs for Prescription Medications

With a Health, Education, Labor and Pensions (HELP) Committee hearing scheduled tomorrow surrounding the prescription drug distribution chain and its impact on patient costs, the Senior Care Pharmacy Coalition (SCPC) said yet another new study undermines Pharmacy Benefit Managers’ (PBMs) empty claims that “rebates” they negotiate with drug makers are actually passed along to consumers.

“The level of dishonesty and misdirection PBMs employ throughout the entire drug supply chain is breathtaking, and almost every week brings a new study or revelation spotlighting how these middlemen benefit at the expense of consumers and taxpayers,” said Alan G. Rosenbloom, President and CEO of SCPC, the only federal advocacy organization devoted exclusively to the interests of the nation’s LTC pharmacies and the patients they serve.

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Senior Care Pharmacy Coalition
Oct 16, 2017, 12:41 ET