Quotes from the news wire:
We chose Costco as a comparison because it is an example of a system where the incentives are set up to deliver value on total cost, much like paper towels, patient cost-sharing for generics in Medicare Advantage Part D tends to be low, but this masks a system that is not currently set up to deliver value to the program overall.
Found on CNN 3 years ago
There's a lot we can do to restore competition in this program, we could improve the value we deliver to beneficiaries and to taxpayers, but we need to improve the incentives for plans to care to try harder to get more value out of The PBMs.
Found on CNN 3 years ago
I think that the issue is not that The PBMs can't negotiate low prices, but rather that The PBMs don't have a strong enough incentive to pass those on to the consumer( in the way that Costco does). More transparency and competition in the supply chain would help, as would improvements to Medicare Part D to enhance competition among plans.
Found on CNN 3 years ago
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