1. Check out another way #PBM are making bank:
Insurer owns PBM who owns specialty pharmacy
Specialty pharmacy= pharmacy dispensing 💊💉stored under temp + special conditions: Chronic disease patients really need good specialty pharmacies. But.... beckershospitalreview.com/payer-issues/h…
2. Insurer can force patient to use their in-house specialty pharmacy... thus...Aetna makes pts use CVS, BCBS+Cigna makes pts use accredo, etc
Besides the whopping conflict of interest....
5. And Lord-a mercy, look 👀 what 💵these #PBM specialty pharmacies make: accounted for almost 1/3 of PBMs’ total gross profits in 2019.
For a job shoddily done. drugchannels.net/2020/07/pbm-ow…@DavidBalatHC
7. Back to the first tweet in thread where @ahahospitals moaned that the insurers @AHIPCoverage don't allow hospitals to manage 💊💉 4 patients, but require the insurers own specialty pharmacy....a conflict of interest to be sure...
8. Why concern that specialty pharmacies get 2 manage the 💊💉 and make the 💵 , @ahahospitals ?
Maybe cause there is a 2nd middlemen, the hospital middlemen GPO and " Hospitals sometimes get a cut of the GPOs’ fees. " wsj.com/articles/where… @physvrxshortage@WSJhealth@VP45
There IS a second spitter, America!! 🇺🇸
Another middleman! #PBM= prescription drug middlemen
And #GPO = hospital supply middlemen
PBM+ GPO are only industries in America to get to receive legalized kickbacks
Amazing!!!
9. There IS a second spitter, America!! 🇺🇸
Another middleman! #PBM= prescription drug middlemen
And #GPO = hospital supply middlemen
PBM+ GPO are only industries in America to get to receive legalized kickbacks
Amazing!!!
P.S. it was so cute when the head of the GPO lobby, @HSCA called me a “conspiracy theorist” in the press THREE TIMES for advocating for ⬇️cost
Here’s his charming 3rd time.
Hey, GPO, I don’t get paid to advocate for my patients and I don’t mind.
How much did you pay this man?
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AHA!!! We all know that BCBS Is the biggest individual Health Care Insurance donor to congress over the past 20 years, right? opensecrets.org/federal-lobbyi…
2. How did BCBS get so rich? They were originals. @BCBSAssociation the insurance co with the LONGEST In house owned #PBM: Prime theraputics
PBM are the insurers cash cows. 💵🐄 @Cigna revenues tripled when they bought Express Scripps. 60% of @CVSHealth revenues from PBM
ER docs esp working like crazy during #Covid
This last 2 weeks 2 US ER docs took their own life.
Tragic @PamelaWibleMD put out wonderful sobering film @Dr_RaulRuiz@SenBillCassidy@GOPDoctors, please be aware
We cannot continue having 400 physicians per year kill themselves
Author of this piece in @RealClearHealth is 100%!
Plaster on “academic,” “economic expert,” or “think tank” lipstick", you still have....