Reported 3 days ago
During an interview on Yahoo Finance, CVS Health's Group President Prem Shah highlighted the crucial role of pharmacy benefit managers (PBMs) in negotiating drug prices. He explained that a small percentage of branded drugs account for a significant portion of pharmacy costs and emphasized that PBMs foster competition among these products to help lower prices. Shah detailed how CVS utilizes formulary management and other tools to assist clients in saving money on medications.
Source: YAHOO