As fiduciaries, plan sponsors have a responsibility to provide proper oversight of what their pharmacy benefit plan spends money on. Plan sponsors may feel their fiduciary duty is met by conducting regular competitive bidding of key vendors. While this is...
Alliance partner, National CooperativeRx shares the five factors that contribute to the rising cost of pharmacy benefits.
Pharmacy benefit managers (PBMs) have come under increased scrutiny as drug prices have begun to rise. As price spikes were identified, manufactures originally took the heat, but now are pointing the finger at PBMs who may also profit from higher prices.
