The National Community Pharmacists Association has published this helpful article for benefits managers: “10 Questions That Benefits Managers Should Ask Their PBM.” An excerpt:
Pharmaceutical Benefits Managers are often known simply as ?PBMs.? While they are largely unrecognized by most employees — and even by many benefits managers — they have a tremendous impact on US health care decision-making because they influence more than 80 percent of prescription drug coverage. The sector is dominated by a handful of very large national players, but there are smaller and regional PBMs as well. . . The following 10 questions are designed to help you and other benefits managers select the best PBM for your organizations.