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Summary | 8 Annotations
The bills for pills had increased inexorably, so the company started to rein in its pharmacy benefit manager, or PBM. The managers are middlemen with murky incentives behind their decisions
2017/03/09 11:24
By hiring its own doctors and pharmacists, among other changes, Caterpillar has saved tens of millions of dollars a year. “The model is as successful today as it’s ever been,”
2017/03/09 16:11
Caterpillar’s experiment raises tough questions
2017/03/09 16:11
Pharmacy benefit managers process prescriptions for insurers and negotiate with manufacturers
2017/03/09 16:12
The Health Transformation Alliance, a year-old group of more than 30 companies including IBM Corp. and American Express Co., has promised to bring down costs
2017/03/09 16:12
In the U.S., $15 of every $100 spent on brand-name drugs goes to middlemen,
2017/03/09 16:13
The largest share, about $8, goes to benefit managers. In other developed countries, only $4 out of every $100 goes to middlemen
2017/03/09 16:13
A few benefit managers, including OptumRx, are accused in lawsuits of “clawing back”
2017/03/09 16:13