Evening Edition: Pharmacy Benefit Managers And Their Role In The Drug Supply Chain

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 30 November 2021

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you have health insurance the chances are high that it is managed by a 'Pharmacy Benefit Manager'. PBM's are connectors between drug manufacturers and patient's health plans and have a large role in determining drug costs. FOX's Trey Yingst speaks with Marc Blum, Executive Director of 'America's Agenda', who says his organization is taking a look at PBM's in an attempt to shine a light on how they take advantage of the system in order to increase revenue. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's time to take the quiz.
0:01.7	Five questions, five minutes a day, five days a week.
0:04.3	Take the quiz every weekday at the Quiz dot Fox
0:07.3	and then listen to the Quiz podcast to find out how you did.
0:10.2	Clay, share, and of course listen listen to the quiz at the quiz.
0:13.7	I'm Brett Bear.
0:15.4	I'm Maria Bartiromo.
0:16.5	I'm Brian Kilmeade and this is the Fox News rundown.
0:20.3	Tuesday, November 30. down.
0:23.0	Tuesday, November 30th, 2021.
0:26.0	I'm Trey Yanks.
0:27.0	One in four Americans say it's difficult to pay for their prescription medication.
0:31.0	One organization is trying to address the root cause.
0:35.0	Our goal is simply to educate people about what PBM's are, how they make money to guide
0:41.0	policy makers in how they can bring that money back to American patients
0:45.6	and health plans who deserve to have those savings. This is the Fox News
0:49.6	rundown, evening addition. Evening Edition. Pharmacy Benefit
0:55.0	Pharmacy Benefit Managers
0:57.0	act as a middleman in the drug supply chain between big corporations
1:00.0	and your local pharmacy counter.
1:02.0	In part, they control prices for the average consumer. corporations and your local pharmacy counter.
1:02.5	In part, they control prices for the average consumer,
	...

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