A national coalition of pharmacists and pharmacy owners announced last week a public information campaign to expose the unjustifiably high prices of prescription drugs set by pharmacy benefit managers, the unregulated, multibillion dollar industry that controls prescription health plans for more than 200 million Americans.
Pharmacists United for Truth and Transparency, a growing 600 member coalition spread across 40 states, was formed to protect benefit plan sponsors and enrollees from overpaying for prescription drugs. The need for greater awareness of PBMs’ roles in the American health care system grew stronger in July when Express Scripts Inc. and Medco Health Solutions announced merger plans that would create the largest PBM in the nation.
