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At first glance, billionaire entrepreneur Mark Cuban may seem to have little in common with an independent pharmacy owner. But they have one shared adversary: pharmacy benefit managers. They claim the drug price negotiators are putting mom-and-pop drugstores out of business. Pharmacy benefit managers — known as PBMs — are
Chains like Walgreens and CVS have pivoted from endless expansion to closing stores to boost profits.
Pharmacy benefit manager play a big role in the prices of prescription drugs. A St. Louis-area pharmacist said his business is suffering because of it.
Pfizer said last week it had adjusted its predicted Covid vaccination sales for the year by $2 billion to reflect lower demand than it initially anticipated.
The analysis ‘shines a light on lack of market competition’ in the health insurance industry, the physician group said.