In our last post, we briefly talked about Pharmacy Benefit Managers (or PBMs). We mentioned that prescription drug discount providers like Good Rx partner with traditional PBMs to bring you prescription discounts. Like many of you, we thought this was great for Americans until we started to dig a little deeper and noticed, for ourselves, the predatory pricing practices of these traditional PBMs. Let’s dive a little further into what this exactly means.
2019 was quite the year! People were kicking off bottle caps, Game of Thrones came to an end and baby Yoda became the cutest baby any of us had ever seen; however, one of the most important events of 2019 came without any critical acclaim. I know what you’re asking yourself right now, “What could have possibly happened in 2019 that was more important than Baby Yoda?” How about the fact that 2019 marked the 14th consecutive year that drug prices rose faster than inflation.