Pharmacy benefit managers, which serve as the middlemen between drug makers, insurers and pharmacies, reaped $7.3 billion in revenue from marking up the prices of dozens of specialty generic drugs ...
As our population continues to age, Medicare’s role in the American health care system continues to grow. And Medicare’s power goes beyond health care; it was the power of the Medicare program that ...
Leigh Purvis, a prescription drug policy principal with the AARP Public Policy Institute, noted that the median price of a new brand drug is around $300K annually. The Inflation Reduction Act ...
About 53 million Americans were enrolled in a Medicare prescription drug plan in 2024. Enrollees who take the priciest drugs will get some relief this year with a $2,000 cap on drug costs.