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Do Pharma’s Claims On Drug Prices Pass The Smell Test? We Found 5 Stinkers.

Drug companies launched an ad and publicity extravaganza this year right after President-elect Donald Trump said they “are getting away with murder” on sky-high pill prices. More than it has in years, the pharmaceutical industry fears major legislation that would curb prices and shrink profits. TV spots lauding drug companies, quoting poet Dylan Thomas and showing heroic scientists have been hard to escape. But the narrative from the Pharmaceutical Research and Manufacturers of America (PhRMA), a trade group, is only the rosiest, most self-serving version of the tale, say critics, and numerous independent authorities question its assertions. They say the campaign is misleading in these five

Anthem’s new PBM to spark change throughout the industry

Anthem’s creation of its own pharmacy benefit management company could drive change throughout the industry as health plans and PBMs aim to maintain their competitive edge, experts said. The national health insurer teamed up with CVS Health to form IngenioRx, which will take shape in 2020 after Anthem’s long-disputed contract with Express Scripts ends. IngenioRx will offer the PBM’s services to customers of Anthem-affiliated health plans and members outside of the brand. CVS Health will provide prescription fulfillment and claims processing services for the PBM, as spelled out in a five-year agreement. Anthem and CVS will be able to combine their medical and pharmacy businesses to cover more

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