Pharmacies

Pharmacy benefits managers, or PBMs, are meant to act as a middleman between drug manufacturers and insurance companies to lower drug prices. But some lawmakers have questioned if that’s really the case. The Senate approved a bill some lawmakers are calling the most aggressive PBM legislation they have seen.

Pharmacy benefits managers, or PBMs, are meant to act as a middleman between drug manufacturers and insurance companies, with the goal of lowering prices.