Locations:
Search IconSearch
July 2, 2018/Opinion

Pharmacy Benefit Managers Costing Consumers Millions of Dollars

Media Contact

Cleveland Clinic News Service | 216.444.0141

We’re available to shoot custom interviews & b-roll for media outlets upon request.

Media Downloads

CCNS health and medical content is consumer-friendly, professional broadcast quality (available in HD), and available to media outlets each day.

The Featured Image for the post

Cleveland Clinic Chief Pharmacy Officer Scott Knoer writes in STAT News:

Scott Knoer, M.S., Pharm.D., Chief Pharmacy Officer

“Pharmacy benefit managers market themselves as keen negotiators able to squeeze pharmaceutical manufacturers for better deals that save money for insurers, patients, and society. Yet they are turning out to be little more than middlemen, adding scant value but significantly increasing costs. They have no fiduciary responsibility to their customers.”

Read the complete op-ed at: What does PBM stand for? In Ohio (and elsewhere), it’s programs bilking millions

Latest from the Newsroom

Cleveland Clinic contributed $2.5 million to Second Harvest Food Bank of North Central Ohio.

Cleveland Clinic Expands Partnership with Second Harvest Through $2.5 Million Commitment

Image from a cardiac MRI.

Carnegie Mellon University and Cleveland Clinic Develop AI System to Interpret Cardiac MRI Scans with Enhanced Accuracy

Camille Ruvo (left) was presented with an award by Maria Shriver.

Camille Ruvo Honored for Advancing Alzheimer’s Research and Care at Global Women’s Health + WAM Forum

Cleveland Clinic donated $1.25 million to Children’s Hunger Alliance on Friday, May 15.

Cleveland Clinic Donates $1.25M to Children’s Hunger Alliance to Expand Preschool Nutrition Programs

Maria Shriver and Beri Ridgeway, M.D., at the Global Women’s Health + WAM Forum.

Cleveland Clinic Releases New National Report on the State of Women’s Health in the U.S.

Children dressed up for Cleveland Clinic Children’s annual Derby Soirée on May 2.

Cleveland Clinic Children’s Derby Soirée Raises More Than $6.5 Million to Support Pediatric Care and Research

The IBM Quantum System One at Cleveland Clinic is the world’s first quantum computer fully dedicated to healthcare research.

Cleveland Clinic, RIKEN, and IBM Model a 12,635-Atom Protein – the Largest Known to Be Simulated with Quantum Computers

Sad teen being comforted

Cleveland Clinic Children’s Unveils Program to Expand Access to Pediatric Mental Health Care