What’s Wrong with American Healthcare, and How to Fix It | Dr. Marty Makary
Hold These Truths with Dan Crenshaw
00:00
The Cost of Drugs
The differences with PBMs is the pharma companies will say, hey, we want in your list of drugs that you offer, something called a formulary. And our drug costs $50, but I'll tell you what, we'll make it $150 and we're going to give you a hundred of it. That's a rebate. The middlemen might give 10% of that rebate onto the employer and say, oh, look, we're getting you free money because we bulk it. Well, you've got 90%. It's a giant scam and it's this is the stuff that employers can have.
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