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The FTC released a 60-page report Tuesday targeting the biggest three pharmacy benefit managers, claiming the companies hiked the prices of specialty drugs to generate $7.3 billion in revenue from ...
The other noteworthy companies by market share are Humana Pharmacy Solutions at 8%, Prime Therapeutics at 5%, and MedImpact Healthcare Systems with 4%. These six companies together control 96% of ...
The three companies own the largest pharmacy benefit managers, or PBMs, which are being investigated for the rebates, or volume-based discounts, they negotiate with drug manufacturers, and how ...
In the United States, a pharmacy benefit manager (PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans.
The scam may extend to the creation of Web sites for the bogus brand, which usually sounds similar to that of a respected loudspeaker company. They will often place an ad for the speakers in the "For sale" Classifieds of the local newspaper, at the exorbitant price, and then show the mark a copy of this ad to "verify" their worth. [citation needed]
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In late December, President-elect Donald Trump put pharmacy benefit managers, or PBMs, on notice.. Denouncing the $557 billion industry as “horrible middlemen,” responsible for—and “rich ...
Catamaran Corporation (formerly SXC Health Solutions) is the former name of a company that now operates within UnitedHealth Group's OptumRX division (since July 2015). It sells pharmacy benefit management and medical record keeping services to businesses in the United States [3] and to a broad client portfolio, including health plans and employers. [4]