So your health insurer works with a specialized type of company, called a pharmacy benefit manager, to negotiate with the various drug companies who market drugs for your condition. But net revenue to the drugmaker is not the same thing as net price to the consumer. At the pharmacy counter, patients are charged the list price for a drug, despite the PBM rebates, until they hit their deductible. Even after this reform, U.S. prescription drug prices will remain, by far, the highest in the world. Read The Competition Prescription, Avik’s plan reduce prescription drug prices, at FREOPP.org.

Source: Forbes February 02, 2019 14:52 UTC