Pharmacy Benefit Managers Costing Consumers Millions of Dollars

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