Health, MEDICINE
PBMs design, implement and manage outpatient drug benefit programs for employers, managed care organizations, and other third-party payers. Independently from other health care services, PBMs work or “carve-out” prescription drug benefits (such as physician and hospital services). Pharmaceutical benefit managers serve as intermediaries between pharmaceutical manufacturers and third-party payers. Due to rising drug costs for … Read More “When was PBMs created?” »