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Pharmacy benefit managers, or PBMs, negotiate drug prices for insurers. But sometimes PBM parent companies also own the pharmacy they’re negotiating with.
The Federal Trade Commission says companies like CVS Caremark, Express Scripts and OptumRx are artificially driving up prices for medications.
You likely know how much these drug price increases will affect you until you get to the pharmacy counter.
The end-of-year deadline often means a rush to buy eligible items, like thermometers, pain relievers and feminine hygiene products.
The limited plan would, for the first time, give Medicare the power to negotiate prices directly with pharmaceutical companies.