Saturday, September 26, 2009

Feds May Demand More Info from Drug Middlemen - Health Blog - WSJ

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By Jacob Goldstein

The Senate Finance Committee keeps wading through that long list of amendments to the Baucus bill, and interesting nuggets keep popping up. The latest to catch our eye: An amendment adopted today that would force pharmacy benefit managers that participate in health-insurance exchanges to share key information with the government.

PBMs are little known but powerful players that manage companies’ prescription drug benefit plans. They’re none too happy about the prospect of disclosing how much of the savings they negotiate from drug makers are passed on to consumers, and similar sorts of details.

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