A new white paper, "Out-of-Pocket Pirates: Pharmacy Benefit Managers (PBMs) and the Confiscation of Copayment Assistance Programs," examines how the way these programs are implemented is having negative impacts on patients living with serious diseases.
Earlier this year, the Center for Health Information and Analysis (CHIA) released its Annual Report on the Performance of the Massachusetts Health Care System for 2020. The Massachusetts Legislature relies on CHIA data when considering bills to regulate drug costs and prices. The advocacy group Health Care for All reported that CHIA data showed prescription drug spending grew by 7.7 percent in 2020, more than twice the benchmark - but the most reliable data on prescription drugs indicates that spending in 2020 was essentially flat.
https://pioneerinstitute.org/wp-content/uploads/drug_cost.png5121000William Smithhttps://pioneerinstitute.org/wp-content/uploads/logo_440x96.pngWilliam Smith2022-11-02 12:50:442022-11-02 12:54:47Is CHIA’s Drug Cost Data Reliable?
Pioneer Institute Senior Fellows William Smith and Robert Popovian submitted public comments about PBM business practices to the Federal Trade Commission (FTC). Pioneer recommended that PBM discounts be passed along to patients when they are meeting their deductible or coinsurance requirements.
https://pioneerinstitute.org/wp-content/uploads/Untitled-1024-×-512-px.png5121024William Smithhttps://pioneerinstitute.org/wp-content/uploads/logo_440x96.pngWilliam Smith2022-04-04 14:21:022022-04-04 14:21:02Comments on How Pharmacy Benefit Managers (PBMs) affect Smaller Pharmacies and Consumers (ID FTC-2022-0015-0001)
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Editorial Staff
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Editorial Staff2023-04-18 11:25:122023-05-04 16:27:06Out-of-Pocket Pirates: Spotlight on Accumulator & Maximizer Programs
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William Smith
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William Smith2022-11-02 12:50:442022-11-02 12:54:47Is CHIA’s Drug Cost Data Reliable?
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William Smith
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William Smith2022-04-04 14:21:022022-04-04 14:21:02Comments on How Pharmacy Benefit Managers (PBMs) affect Smaller Pharmacies and Consumers (ID FTC-2022-0015-0001)