Jonathan E Levitt

Far too many pharmacy benefit managers (PBMs) thrive on opacity in their business operations, but sometimes public litigation shines the light of day on secretive practices.

Federal agencies and plan sponsors—the clients of PBMs—are beginning to explore perverse PBM incentives and are waking up to abusive PBM practices.

A growing number of examples of PBMs causing economic harm to plan sponsors through rebate aggregators is publicly emerging.