Why are drug prices so random? Meet Mr. PBM
An Arm and a Leg
An Arm and a Leg
4.8 • 1.1K Ratings
🗓️ 26 June 2019
⏱️ 18 minutes
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| 0:00.0 | So at the beginning of the year, my family switched to a new health insurance plan. |
| 0:04.3 | And I've got this prescription I take. I get three months worth of it at a time. |
| 0:07.7 | And in February, it was time to renew. The drugstore texted me. They had it. |
| 0:11.6 | I called the check, got the robot voice. |
| 0:13.6 | There's one prescription here for Daniel. |
| 0:16.2 | And some news. |
| 0:17.2 | The out-of-pocket cost is $720.69. |
| 0:23.8 | And that's ready for pickup. |
| 0:25.0 | I was like, what? |
| 0:26.3 | This is an old time generic drug. |
| 0:28.2 | I'm used to paying like 15 bucks. |
| 0:30.1 | Would you like me to repeat that? |
| 0:31.3 | I was like, maybe you better. I want this on tape. |
| 0:33.4 | The outer pocket cost is 700. I was also like, yeah, I'm just going to bring my new insurance |
| 0:40.0 | card over to the drugstore and hope that clears things up. And it did. The copay was $0. That |
| 0:46.7 | is some good new insurance right there. And as I walked out of the drug store, I was like, |
| 0:51.7 | what was that all about? I pulled up a site called |
| 0:55.1 | GoodRX on my phone, a doctor friend of mine, sometimes recommends it to people whose |
| 0:59.5 | prescriptions cost a lot, and what I found there was weird. I punched in the name of the |
| 1:04.9 | medication and my zip code and it showed me prices from a bunch of different |
| 1:09.1 | places. Drugstore chains like CVS and Walgreens, big box stores like Costco and Walmart, |
| 1:14.7 | local supermarkets with pharmacy counters. |
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