Hidden Scams In Healthcare - Pharmacy Benefit Managers (PBMs)

PBMs, or pharmacy benefit managers, have a lot of power over the prescription drug market in the US. They negotiate drug prices, manage prescription drug benefits, and set formularies for millions of Americans. However, PBMs have been criticized for their lack of transparency and conflicts of interest that can negatively impact patients. In this video, we'll be exploring the controversial practice of price spreading by Pharmacy Benefit Managers (PBMs). PBMs play a significant role in the healthcare industry by negotiating drug prices on behalf of health insurance plans. However, price spreading occurs when PBMs charge insurance plans more for medications than what they pay pharmacies, pocketing the difference as profit. This practice has led to higher costs for both patients and insurance companies, while PBMs continue to reap significant financial gains. We'll delve into the details of price spreading and its impact on the healthcare system, as well as discuss potential solutions to this ongoing issue.Overall, the goal of this video is to raise awareness and advocate for patient wellbeing over all other agendas. Let me know what you think. Follow my other pages for more interesting videosInstagram: Med.hustleTiktok: Medhustle Facebook: gutrxnYoutube: gutrxn