Trying to be the change I want to see in the Pharma industry
- PBMs often portray themselves as fighting the “good fight” on behalf of employers and employees.
- In reality, they are highly profitable intermediaries that typically do not take possession of the drug, bear little to no risk, and minimally innovate.
- PBM profit margins are much higher than other players in the supply chain who bear much of the public’s anger over rising drug prices.
- Express Scripts for example, one of the largest PBMs, reported gross profits of $8.76 billion in 2017.