News from the fight to
#SaveIndependentPharmacy
New York Times The Middlemen series
Nearly 400 independent pharmacies have closed in Minnesota since 1996. Why?
The financial woes impacting independent pharmacies have been in the making for decades. The core issue: inadequate reimbursements from pharmacy benefit managers, or PBMs, which manage prescription drug benefits and claims between health insurance plans and pharmacies.
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 .