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It’s no secret that Americans today are required to fork over more on healthcare services than ever before. In 2021, U.S. healthcare spending grew to $4.3 trillion, or $12,914 per person. This marked a 2.7% year-over-year increase and brings aggregate spending to 18.3% of GDP.
Pharmacy benefit managers, or PBMs, are companies that negotiate the prices of prescription drugs. Hear about their role in raising drug prices and the ongoing efforts to regulate this complex industry.