Pharma steps in it as blame game continues

  • Pharmacy benefit managers said rebates paid by drug companies to PBMs, sometimes called “middlemen,” are “not secret or hidden payments” 
  • Executives blamed high drug prices on the drugmakers and their pursuit of profits. 
  • U.S. Healthcare Spending Reaches $420M Per Hour, On Track to Hit $12 Trillion by 2040.
  • 62 health care CEOs made a combined $1.1 billion in 2018 when calculating the actual value of cashed-out stock.
  • In the meantime Republicans are warning drug companies not to cooperate with probes into drug pricing.
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