
Insulin is for the world
Explain It to Me
00:00
What Is a Pharmacy Benefit Manager?
Drug prices are not really set in the US except to say that like the companies that produce drugs have a lot of leeway to set whatever list price they want. An important element to all this is what's called pharmacy benefit managers (PBM) PBMSs try to negotiate discounts with drug manufacturers and wholesalers on behalf of their clients, the health insurers.
Transcript
Play full episode