The recent article “Pharmacy-Benefit Managers Under Pressure” published by Barron’s discusses how prescription drug prices are rapidly rising, how this affects employers and the reason behind the rising costs. At Crystal Clear Rx, we work closely with PBMs on a daily basis, and I can certainly attest to many of the points made within the article.
Times they are a changin’ AGAIN With the Walgreens announcement last week of the acquisition of Rite Aid, things just got even more interesting in the Pharmacy Benefits arena. It now appears we will have two Retail ownership based PBMs in the marketplace. Here is what we know: Rite Aid is to become a wholly owned subsidiary of Walgreens Boots Alliance The Rite Aid stores will operate as Rite Aid for an undefined period.
In 1997, Richard Carlson wrote a great book titled “Don’t Sweat The Small Stuff." Although I agree totally with the premise of that book in the general context of our daily lives, it may not be a good strategy when it comes to pharmacy benefits. Over the next few BLOG posts we will discuss some of these.