{{ Cuban laid out seven ways those contracts are keeping drug prices high and hurting employees. His exact list stated:
- Don’t control your claims data
- Don’t control your formulary
- Have to pay more for “Specialty Drugs” that have nothing special about them
- Get rebates that are paid for by your sickest and oldest employees and result in higher deductibles and co-pays that impact the wellness of your workers and their families.
- Cause independent pharmacies to be reimbursed for less than their costs for brand drug scripts for your employees and families, causing them to go out of business.
- Can’t talk to manufacturers to put together wellness programs for things like GLP1s.
- Signed a PBM contract with an NDA which prevents you from publicly discussing your PBM contract, resulting in an opaque, inefficient market, which leads to higher prices and lower quality of care for the entire country.
“All of this allows the big PBMs to continue to distort the pharmacy market for literally EVERYONE,” he wrote. }}
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