PBMs save $941 per person according to new research

According a new research study conducted by Visante, pharmacy benefit managers (PBM) are saving consumers and payers $941 on average per person a year.
The research also focuses on PBMs role in the decrease of errors when administering medication as well as the improvement of patient lives via increased medication adherence rates and specialty pharmacy use.
“PBMs are reducing prescription drug costs for patients while also improving health care quality and outcomes,” Pharmaceutical Care Management Association President and CEO Mark Merritt said.
The research turned in major findings that include:
***PBMs save payers and patients an average of $941 per person per year;
***For every $1 spent on their services, PBMs reduce costs by $6;
***Over the next 10 years, PBMs will help prevent one billion medication errors;
***PBMs improve drug therapy and patient adherence in diabetes patients, helping to prevent some 480,000 heart failures, 230,000 incidents of kidney disease, 180,000 strokes and 8,000 amputations annually.