Pharmacy benefits management trade group launches DrugBenefitSolutions.com
The campaign is meant to show how PBMs work to reduce prescription drug costs and guard against high drug prices.
"Prescription drug benefits are complicated, and there's great interest in understanding how drug pricing really works," PCMA President and CEO Mark Merritt said. "DrugBenefitSolutions.com is an important new resource for those who want to learn more."
The trade group's website says PBMs help 266 million Americans obtain affordable prescription drugs by reducing the cost of benefit plan prescriptions. It says savings to consumers and employers will add up to $654 billion over the next 10 years. It estimates a savings of approximately $941 per person per year versus prescriptions not managed by PBMs
PBMs negotiate rebates and discounts to reduce the cost of medications. They also encourage the use of generic medications, which reduces costs for both the benefit plan and patients. Low-cost home delivery helps keep patients with chronic conditions supplied with their medications, which helps with medication compliance.