How Health Insurance Companies Are Making You Spend More Money On Medications

Health insurance companies contract with pharmacy benefit managers (PBMs) to manage prescription medication. PBMs are designed to help save health insurance money by negotiating drug pricing. PBMs directly work with manufactures to set contract prices and look to incentives such as rebates for additionial revenue. PBMs makes a profit by taking a percetage from the drug dispensed and an additional amount from rebates if any are attached. PBMs are the direct middleman in all of this and are making you and I pay more for medications then we should. You may not even know this is happening. Just take a look at your current medications. How many are brand name medications. Now do a search to see if a generic medication or therapeutic alternative generic is available. Chances are there will be a generic alternative available. If you call your insurance or ask your pharmacy why they are not filling generic, you will find out your insurance will not cover it or if they do, it will be a higher copay. <a href="https://medium.com/@mswlodyga/how-health-insurance-companies-are-making-you-spend-more-money-on-medications-9fb4c16b23f4">Click Here</a>