It was gratifying last week to see our efforts to educate members of Congress about pharmacy benefit managers (PBMs) beginning to pay off. Those of you who are regular readers of this newsletter know that I’ve written frequently about how the profit-focused business practices of PBMs and their insurance company owners are making it increasingly difficult for people
Good work exposing the evil practices of PBMs and their masters, the nation's richest private health insurance corporations. A more satisfying conclusion would have been to remind readers that the recently reintroduced single payer Medicare for All bills in the House and Senate would solve this problem once and for all by eliminating private insurers and PBMs altogether. Instead of private insurance corporations that profit by denying care, we would have a single public health insurer like Medicare, covering everyone fir all medical needs. Instead of PBMs, the single payer would negotiate cc all drug prices directly with pharmaceutical companies. There would be enormous savings, and people would have unimpeded access to the care and medications they need.
I am so glad to see people putting this information out to the public. Do you have a source for the data about the pharmacy benefits profits within CVS and Cigna? I am wanting to incorporate this information into a sales presentation for BUCA alternatives and need to be able to back up this information with a data source. Thanks.
Power back to the people! ✊
Good work exposing the evil practices of PBMs and their masters, the nation's richest private health insurance corporations. A more satisfying conclusion would have been to remind readers that the recently reintroduced single payer Medicare for All bills in the House and Senate would solve this problem once and for all by eliminating private insurers and PBMs altogether. Instead of private insurance corporations that profit by denying care, we would have a single public health insurer like Medicare, covering everyone fir all medical needs. Instead of PBMs, the single payer would negotiate cc all drug prices directly with pharmaceutical companies. There would be enormous savings, and people would have unimpeded access to the care and medications they need.
BOOM. Problem solved.
I am so glad to see people putting this information out to the public. Do you have a source for the data about the pharmacy benefits profits within CVS and Cigna? I am wanting to incorporate this information into a sales presentation for BUCA alternatives and need to be able to back up this information with a data source. Thanks.