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A new executive order is slated to help Floridians pay less for prescription drugs, adding more rules for the pharmacy and manufacturer middlemen known as pharmacy benefit managers.
Millions of U.S. seniors were supposed to get price relief soon on their prescription drugs under a revamp of Medicare fees by a federal agency. The Centers for Medicaid and Medicare Services delayed proposed changes until 2024 at least. The trade group for PBMs– the Pharmaceutical Care Management Association– applauded the deal.
The Rochester-based clinic was one of nine founding health systems that helped launch the manufacturer. It plans to sell insulin for a fraction of current prices.
New Jersey lawmakers, in a bid to rein in rising prescription drug prices, have put an obscure player in the spotlight: pharmacy benefit managers.
A report published Monday says changing the way pharmacy middlemen reimburse pharmacies that dispense prescription drugs would save American seniors $18 billion a year.