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Abstract
Examines in Physical Medicine & Rehabilitation
Providing Fair Payment for Prescription Medications in the United States
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Open or CloseMichael M Costello*
Department of Health Administration/Human Resources, University of Scranton, USA
*Corresponding author:Michael M Costello, Department of Health Administration/Human Resources, University of Scranton, USA
Submission: February 03, 2020; Published: February 11, 2020
ISSN: 2637-7934Volume 3 Issue 1
Abstract
With US health care costs now approaching $3 trillion per year, strenuous efforts to restrain cost growth continue to focus the efforts of policymakers at the federal and state levels. With pharmaceuticals contributing about 20% of total domestic health expenditures, pharmaceuticals are a natural target of cost control efforts. A primary means of attempting to control pharmaceutical costs in the use of Pharmacy Benefit Managers (PBMs), intermediary firms which function as go-betweens in the payer-provider relationship. Medicare, most state Medicaid programs, and many private managed care organizations use PBMs to manage pharmaceutical use for their beneficiaries
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