National Consumers League is taking on Pharmacy Benefits Managers

Four full prescription bottles with one spilling medication
Photo credit smartstock / iStock / Getty Images Plus

Consumers face an unfair disadvantage at their local pharmacy counter, with many paying more than they should be due to the business practices of little-known companies in the medicine chain called Pharmacy Benefit Managers, or PBM for short.

If you have health insurance and it comes with a prescription drug plan, chances are it's managed by a PBM. They act as middlemen between drug manufacturers and patients’ health plans, negotiating savings on prescription medicines and determining which drugs will be covered by insurance. However, PBMs fail to pass much of the savings to the patients and insurance companies, while undermining the possibility for competition that would drive value and savings for consumers. This drives up the cost of prescription drugs, leaving you to pay more out of pocket.

Sally Greenberg, Executive Director of the National Consumers League, explains what Pharmacy Benefits Managers are and the role they play in driving up costs for consumers at the pharmacy counter.

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San Diego Syndicated
Sally Greenberg - National Consumers League
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