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Examines in Physical Medicine & Rehabilitation

Providing Fair Payment for Prescription Medications in the United States

  • 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

DOI: 10.31031/EPMR.2020.02.000551

ISSN: 2637-7934
Volume 3 Issue 1


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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