PBM promises a pathway to lower-cost drugs
The USA’s leading pharmacy benefit manager (PBM) has announced that it is introducing a new formulary to provide employers and health plans a better opportunity to leverage changing dynamics to help lower their members' out-of-pocket costs.
PBMs are currently keen to show what action they are taking to bring down drug costs for patients amid criticism of their role – as well as of the high list prices set by pharma companies – in driving up the expense of medicines in the USA.
The Express Scripts (Nasdaq: ESRX) National Preferred Flex Formulary, which the group claims is built for the ‘evolution of drug pricing’, will come into being on January 1, 2019.
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