Saturday, February 24, 2018

Hidden Profits In the Prescription Drug Supply Chain

Wall Street Journal-14 hours ago
Depending on how you look at them, pharmacy-benefit managers are either low-margin middlemen that fight to reduce drug costs, or highly profitable intermediaries that take a cut of every prescription and earn more when drug prices rise. Pharmacy-benefit managers are hired by businesses such as insurers that pay f

Why Your Pharmacist Can't Tell You That $20 Prescription Could ...

New York Times-12 hours ago
Steven F. Moore, whose family owns Condo Pharmacy in Plattsburgh, N.Y., said the restrictions on pharmacists' ability to discuss prices with patients were “incredibly frustrating.” Mr. Moore offered this example of how the pricing works: A consumer filling a prescription for a drug to treat diabetes or high blood pressure may ...

US charges pharmacy with defrauding military health care program

Fairfield Daily Republic-6 hours ago
The Justice Department has accused a Florida pharmacy and the Los Angeles private equity firm that owns it of bilking a military health care program out of millions of dollars by pushing unneeded vitamins and creams. In a filing in federal court in Miami, federal prosecutors said compounding pharmacy Patient Care ...