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PBMPBM — Pharmacy Benefit ManagerA Pharmacy Benefit Manager (PBM) is the intermediary that administers prescription-drug benefits for health plans and employers — deciding which drugs a plan covers, negotiating re… Reform
Mechanisms & Practices
PBM Reform
Pharmacy Benefit Manager reform. PBMs act as intermediaries between drug manufacturers, insurers, and pharmacies. They capture spread pricing, negotiate rebates, and operate formularies with minimal transparency or regulatory oversight.
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