Congressional leaders like Sens. Chuck Grassley, Kevin Cramer, and others are advancing critically important work to address prescription drug pricing. However, we would like to take the opportunity to clarify some misconceptions. Pharmacy benefit managers are an integral part of the solution to high prices, working on behalf of hundreds of millions of consumers to make treatments more accessible and affordable, and supporting policies to lower costs and improve patient care.

Pharmacy benefit managers are proud to stand between those who pay for healthcare — patients, employers, and taxpayers — and drug manufacturers. To get the best value for prescription drugs, they negotiate directly with manufacturers for discounts off the list price. The savings from these negotiations are passed through to health plans and used to the benefit of patients through lower premiums or reduced costs at the pharmacy counter.