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Drug Makers and Insurance Companies Working Together Resulting in Higher Costs?

//Drug Makers and Insurance Companies Working Together Resulting in Higher Costs?

Drug Makers and Insurance Companies Working Together Resulting in Higher Costs?

By David Mittleman

Drug benefit companies are negotiating sweetheart deals with pharmaceutical companies at the expense of consumers, according to a report by USA Today. Under the complex arrangements, drug companies offer incentives for pharmacy benefit managers (drug benefit plans) to push expensive name-brand medications rather than equally effective and cheaper generic medications. The extra costs get passed along to consumers.

This practice came to a boil this week when Anthem, the nation’s largest health insurer, filed suit against Express Scripts, a pharmacy benefit manager.

A much larger issue is the availability and efficacy of generic and alternative medications. …read more

2016-03-23T13:24:00+00:00 Blog|