Pharmaceutical Benefits Managers (PBMs) - The Multi-billion Dollar Industry

Pharmaceutical benefit managers (PBMs) are playing an increasingly important role in establishing access to pharmaceutical products for patients. PBMs set retail prices for pharmaceutical products, negotiate "rebates" from manufacturers based on total sales volume of products, and achieve several types of postsale price concessions and payments from pharmacies. All of these activities describe a complex flow of funds that has not been transparent to clinicians or to patients.
In this informative presentation, Dr. Feldman provides awareness about the industry of Pharmacy Benefit Managers (PBMs), including formulary construction and utilization management tools, how PBMs impact actual cost to employers and/or patients, legislation which might impact PBMs and drug prices for patients, and insight about the withdrawn rebate rule.
At the conclusion of the session, learners should be better informed about the role that PBMs play in the process of negotiating payment rates for a large share of prescription drugs distributed in the U.S.
Help support our mission by donating at sma.org/research-and-education/ or join at sma.org/membership/.

[@sssoup]

One of the best explanations of US drug supply chain

[@akashpatel5791]

The PBMs are quadruple dipping now. They pay pharmacy $2.00 for dispensing/drug cost #90 atorvastatin 20mg for example and charge patients $10,15,20 depending on patients insurance plan. They keep the difference. Patient pays Insurance premium, deductible, coinsurance, and copay to increase and yet they take even more

[@dylanray7768]

Thank god someone actually explained it

[@depak132]

This is excellent video and gives lot of knowledge on pricing of drugs Thanks for sharing this

[@kishorecharandhuli9137]

Amazing….. simply out of the world….!!!

[@wasafiassi]

I am very interested in this domain because a lot of IT companies have projects and they need experts in PBM, Thank you so much for the video

[@dcodework2421]

Thank you so much for this wonderful video How come no one wrote a comment on this wonderful and absolutely informative video

[@bjglenn2470]

Very informative thank you

[@aaniljpatel]

Mam, What i heard in this video never bedore this truth, i think its a monopoly buainess