Realfoodology Former Pharma Rep Breaks Down How Your Insurance Is Overcharging You + Keeping You Sick | Brigham Buhler
Oct 29, 2024
Brigham Buhler, a former pharmaceutical rep and founder of Ways2Well, exposes the dark underbelly of the healthcare system in America. He discusses how insurance companies manipulate deductibles and copays, leaving patients vulnerable. Brigham highlights the rising costs of essential medications like insulin and critiques the role of Pharmacy Benefit Managers. His insights on navigating the convoluted healthcare landscape empower listeners to protect their wallets and well-being amidst rampant corruption.
AI Snips
Chapters
Transcript
Episode notes
PBMs Turn Illness Into Profit
- Insurance and PBMs have been corporately captured, turning chronic disease into a revenue stream.
- PBMs extract rebates so insurers profit from medication spending rather than preventing illness.
Gag Clauses Hide Cheaper Cash Prices
- Gag clauses prevent pharmacies from telling patients cash prices can be cheaper than insured copays.
- That hides lower cash prices and keeps patients paying inflated insured rates.
Listed Prices Fuel Premium Inflation
- Insurers pass inflated listed drug prices to employers and government while keeping rebates as profit.
- This shell game raises premiums, copays, and deductibles year-over-year.