Half trillion dollar PBM sector continues to grow
In the fragmented and complex US healthcare system, the market value of pharmacy benefit managers (PBM) has reached new heights.
PBMs help administer drug insurance benefits in a variety of ways, including by negotiating prices with manufacturers and pharmacies, establishing formularies and processing claims.
Looking into the sector and its development, USA-based analyst Research and Markets says the market for PBMs is now worth around $491 billion.
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