- As Jeff Bezos (Amazon), Warren Buffet, and Jamie Dimon (JP Morgan) plan to manage employee pharmaceutical benefits (cost-efficiencies/reductions), Big Pharma companies and healthcare insurers are blaming each other for high drug prices.
- Drugmakers claim that insurance companies and their pharmacy benefit managers (PBMs) receive bulk discounts (50%-80% off) but don’t pass them on.
- In response, insurance companies and PBMs said they’re “scapegoats for drugmakers desperate to justify prices”.
- Amazon and Buffet may start a mail-order PBM to pass on discounts directly to consumers.
