No offense, but the article got PBMs entirely wrong.
Any savings from rebates is typically passed back to the one paying. In fact, it would be odd if an insurance company didn't have that in their contract.
I'd say PBMs have done a ton on keeping drug costs down. Hell, look at HCV! Express Scripts cut a deal with Abbvie on their new HCV drug and excluded Solvadi and Harvoni from their formulary.
What happened? Gilead came out and offered a 20-30% discount on their drug to pretty much every other PBM and insurance company.
Any savings from rebates is typically passed back to the one paying. In fact, it would be odd if an insurance company didn't have that in their contract.
I'd say PBMs have done a ton on keeping drug costs down. Hell, look at HCV! Express Scripts cut a deal with Abbvie on their new HCV drug and excluded Solvadi and Harvoni from their formulary.
What happened? Gilead came out and offered a 20-30% discount on their drug to pretty much every other PBM and insurance company.