I’m constantly coming across articles and research reports about pharmacy benefit managers (PBMs) and the role they play in saddling Americans with high out-of-pocket costs for their prescription medications.
The US insurance system has become a colossal failed business which I have watched for the past twenty-five years. It seems to be made up now of corporations, who are nothing more than a bunch of shysters. They have, for the years that I worked in a medical environment, been short changing both the physicians and the patients. So how do we change it all? Insurance companies came in to save patients from being cheated by physicians. Today, it is the insurance companies, and all the PBMs and other ground feeders, who are cheating the patients and the physicians. What can we do as people whose retirement programs offer limited choices of insurance programs, and most often they're Medicare advantage programs?
This is a very informative article! We as citizens need to end the privatization of Medicare. Wendell, please end your articles with bulleted actions we can take to stop this corporate greed! Thank you for your writings!
I have MS. Thirteen years ago when I started on my medicine it was around $26k retail. It's now $88k and nothing has changed about it. Further, many PBMs are have now pushed it to their most expensive tier, if they cover it at all. I've had to BEG several insurance companies and PBMs to do their jobs. They would be the first to know if I could go off of it!
The US insurance system has become a colossal failed business which I have watched for the past twenty-five years. It seems to be made up now of corporations, who are nothing more than a bunch of shysters. They have, for the years that I worked in a medical environment, been short changing both the physicians and the patients. So how do we change it all? Insurance companies came in to save patients from being cheated by physicians. Today, it is the insurance companies, and all the PBMs and other ground feeders, who are cheating the patients and the physicians. What can we do as people whose retirement programs offer limited choices of insurance programs, and most often they're Medicare advantage programs?
This is a very informative article! We as citizens need to end the privatization of Medicare. Wendell, please end your articles with bulleted actions we can take to stop this corporate greed! Thank you for your writings!
It's a very successful experiment… If your Unitedhealthcare
You're*
I have MS. Thirteen years ago when I started on my medicine it was around $26k retail. It's now $88k and nothing has changed about it. Further, many PBMs are have now pushed it to their most expensive tier, if they cover it at all. I've had to BEG several insurance companies and PBMs to do their jobs. They would be the first to know if I could go off of it!
A plan to shift New York City retirees' coverage to Medicare Advantage has stalled indefinitely.
Isn't this old news?