PBM Accountability Project of MN (@PBMprojectMN) header
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Joined April 2021
Photo by PBM Accountability Project of MN (@PBMprojectMN)Photo by PBM Accountability Project of MN (@PBMprojectMN)Photo by PBM Accountability Project of MN (@PBMprojectMN)Photo by PBM Accountability Project of MN (@PBMprojectMN)Photo by PBM Accountability Project of MN (@PBMprojectMN)
Elevance Health just raised its profit outlook, crediting its PBM, CarelonRx, as a key driver of growth. Meanwhile, Minnesotans are navigating rising premiums, denied claims, and shrinking access to care. Lawmakers must take action to protect patients. wsj.com/health/healthcare/el…
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The AMA just confirmed what Minnesota patients already know: PBM market concentration keeps rising, competition keeps shrinking, and middlemen keep profiting, leaving patients to foot the bill. Three PBMs now control nearly 80% of the market. #PBMreform ama-assn.org/press-center/am…
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As patient costs rise, so do middlemen profits. The 10 largest healthcare companies in the US don't treat a single patient. They're PBMs, insurers, and distributors taking in $2.6 trillion a year. The system was designed to work for them, not you. Read: healthcareuncovered.substack…
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A local East Grand Forks resident is sounding the alarm, #PBMs continue to keep affordable prescriptions out of reach for patients. Congress passed #PBMreform earlier this year, but follow-through matters and Minnesotans are watching. Read more: grandforksherald.com/opinion…
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A new report from the Minnesota Farmers Union finds that consolidation and anticompetitive practices by #PBMs limit opportunities for independent businesses and reduce consumer choice in the state. Lawmakers must act to protect local pharmacies. Read More: mfufoundation.org/mfuf-small…
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Minnesota recovered $495K from CVS after improper insulin billing cost the state over $857K...The fraud was possible because CVS owned both the pharmacy and the PBM auditing it. #PBMreforms should stop this vertical integration and demand more transparency healthcarefinancenews.com/ne…
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"...some pharmacies and #PBMs charge healthcare providers large fees for this #340B work, which can reduce the provider’s savings on those drug prices." said Dr. Sayeh Nikpay. 340B needs reforms. Read more here: postbulletin.com/health/what…
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#340B hospitals get discounts not just on drugs prescribed to their low-income patients but to all their patients, even those of quite high incomes. “A lot of hospitals disproportionately put their contract pharmacies in places where people are wealthy": minnpost.com/state-governmen…
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Originally intended as way to reach those in need, the #340B program has become a new source of revenue for #PBMs. According to this recent report, the Big 3 exploit the program through integrated contract pharmacies focused on profit, not patients. ajmc.com/view/association-be…
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.@USCSchaeffer finds that just 3 #PBMs dominate MN Medicaid & Medicare Part D retail prescription markets, holding "outsized power over how much patients pay, where prescriptions are filled, and whether essential medications are covered.” Read more here: schaeffer.usc.edu/research/p…
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"The biggest threat isn’t competition or changing health care - t’s pharmacy benefit managers, or PBMs." New op-ed in Missouri highlights the struggles pharmacists face accross the country due to #PBMs anticompetitive tactics. columbiamissourian.com/opini…
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.@USDOL annouced it will look at ways to improve transparency around the direct and indirect compensation #PBMs receive from employer-sponsored health plans. This is a promising sign from the Administration to increase #PBM reform efforts. dol.gov/newsroom/releases/os…
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