The economics of American healthcare are dictated by the Golden Rule: “He who has the gold makes the rules.” And those rules reward corporate greed at the expense of physician empowerment and patient care.
The gold in this case is the money leveraged by pharmacy benefit managers (PBMs) to reimburse patients for their medicines. And it’s a golden hammer used to negotiate lower prices from pharmaceutical companies. But where do those savings go, and what is the impact on a physician’s ability to practice medicine and — most importantly, therapeutic outcomes for patients?
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