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Indiana paid $7 billion to administer prescription drug benefits in five-year period according to new report
Indiana lawmakers are calling for more oversight of “pharmacy benefit managers,” or “PBMs” for short, following a report presented to the Health Care Cost Oversight Task Force this week. According to that preliminary report, Indiana paid $7 billion to administer prescription drug benefits for Hoosiers enrolled in the state’s Medicaid program and state employee plan through FY 2017 through FY 2022.
The biggest Pharmacy Benefit Managers (PBMs) are profiting by systematically underpaying independent drugstores, creating “pharmacy deserts” across the country.
The third in “THE MIDDLEMEN” series of articles by reporters Rebecca Robins and Reed Abelson investigating PBMs .