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The Fox News Rundown

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

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 30 November 2021

⏱️ 14 minutes

🧾️ Download transcript

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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