The Role of Pharmacy Benefit Managers (PBMs) in Healthcare
The article discusses the problematic role of pharmacy benefit managers (PBMs) in healthcare, focusing on how they hinder access to medications and prioritize profits over patient care. The author, CEO of Pontchartrain Cancer Center, shares a personal experience of struggling to get a standard-of-care treatment for his daughter due to PBM interference. The article calls for urgent PBM reform to prioritize patients over profits.
Key Points
- PBMs hinder access to medications and delay potentially life-saving treatments
- Vertical integration allows PBMs to prioritize profits over patient care
- FTC report exposes PBMs for inflating costs and engaging in predatory practices
Pros
- Raises awareness about the negative impact of PBMs on patient care
- Calls for urgent reform to prioritize patients over profits
Cons
- Highlights the struggles and barriers faced by patients and families due to PBM interference