The “Lower Costs, More Transparency Act” passed the House with strong bipartisan support on December 11th. This is a vital step toward lowering healthcare costs and ensuring healthcare decisions are made by patients and doctors, not profit-driven middlemen. You helped make it happen.
Next step: The Senate takes up the issue.
PBMs and insurance companies work together to decide what medicines will be covered by insurance and the price of those drugs. While the concept was designed to help people save money, the largest 6 PBMs control almost 96% of the PBM market. The largest 3 (Optum, Express Scripts, and CVS Caremark) control 80% of that market. This gives PBMs inordinate power to set prices, deny coverage and pad their bottom line instead of passing the savings along to people who need medicine.
Your healthcare decisions should be made by you and your medical provider, not insurance companies and their prescription middlemen.
Easily send an email and/or Tweet to your elected officials urging them to pass PBM reform.