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Ask most pharmacy benefit plan sponsors to name 5 PBMs and most come up shy at around three. Not surprisingly, this market dominance has earned the exalted stratification of becoming known as “The Big Three.” Repositioning the aforementioned question to “Name the Big Three” and most plan sponsors fill in the blanks,not with Bird, Parish and […]

A somewhat surprising report was released by Thomson Reuters regarding the wasteful spending practices within the American healthcare system. Not that system inefficiencies, unnecessary testing and good old-fashioned fraud should come as any surprise to those who follow this stuff, but it was the degree that caught my eye. Their conclusion is that big dollars […]

Now, more than ever, plan sponsors should look to evaluate their pharmacy benefit manager’s performance. Plan sponsors go through the time and expense to try and maintain a competitive vendor contract. Here’s the drill: decide that you want to solicit new bids from vendors who want to compete for your pharmacy benefit management business; go […]