Pharmacy benefits managers (PBMs) have become integral to the health care industry in the U.S., gradually cementing a position as an intermediary among pharmacies, insurance companies, and drug manufacturers.
Why should benefits advisors and brokers care about this?
Brokers should care because recent Congressional efforts to reform PBM practices could change pricing structures and affect the cost of prescription drugs for employees and the cost of plans for employers. As a result, PMB reform gives brokers another opportunity to act as trusted advisors to employers — another opportunity to enhance their relationships with existing clients and deepen their conversations with prospective clients.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
