Pharmacy benefit managers push expensive medications and slash drug reimbursement rates, pocketing the profits for themselves. Congress looked set to regulate these shadowy middlemen — but $50 million in industry lobbying later, the effort has stalled.
It’s wild, in a way, to see news about PBMs. While they are a monstrosity created by capitalism, the pharmaceutical companies have been lobbying against them, too. Pfizer and the rest want the cut that CVS’s bullshit made up “manager” company is getting.
The whole industry is rotten and no matter who wins, Americans suffer.
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