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New York Times The Middlemen series
HMO profits from Minnesota state programs jump to $675.8M with enrollment surge
Enrollees used less care than expected, and a state program to cap profits was no longer in place, leading to an increase of about 181% in operating income.
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 .