DRUG PRICES ARE GOING UP.
PBMs ARE TO BLAME.
Massachusetts should adopt legislation that will prevent Pharmacy Benefit Managers (PBMs) from taking savings that should be passed along to consumers.
As a major driver behind the high cost of prescription drugs, PBMs use their consolidated market power to grab tens of billions of dollars in rebates on medicines that belong to Patients - not PBMs.
Prescription Drugs are Expensive. They don’t have to be.
Prescription drug prices keep rising—but not because the drugs suddenly cost more to make. PBMs operate in the shadows, using secret rebates, restrictive formularies, and pharmacy take-it-or-leave-it contracts to pad their profits. Patients pay the price through higher copays, limited access, and fewer independent pharmacies in their communities.
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