State lawmakers should put patients first and stop predatory pharmacy middlemen
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Dr. Pickett is right. The pharmacy benefit managers are the reason why drugs cost so much now. Our legislators like to harp on big Pharma but it is the insurance companies that own these PBM’s. If legislators are serious about lowering the cost of medicines they need to rein in the PBM’s.
I 100% approve of cutting them out. It is outrageous that drugs which cost pennies per pill to produce cost the end user dollars. My family has personally experienced having prescriptions that varied by hundreds of dollars, depending on where you bought it. That alone tells you the markup. I am generally a “regulated free marketer”, but life saving medications should not follow supply and demand. The manufacturers deserve to recover R&D and make a reasonable return on investment, but there is no reason for ANYONE to be between the manufacturer and pharmacy, getting FAT.
Why are tax payers paying billions of dollars in grants to pharmaceutical companies just to have to pay outrageous costs for the medicines developed? Three ways to stop it..stop the pharmaceutical lobbyists from raping the taxpayers by corrupting the political process, two, stop lobbying all together and three, allow generics to immediately be produced instead of letting pharmaceutical companies profit off the grants that we pay them to develop medicines..