Posted in Crony Capitalism, Economic Issues, Employee Benefits, Free-Market, Government Regulations, Health Insurance, Healthcare financing, Medical Costs, News From Washington, out-of-pocket costs, Patient Choice, Patient Safety, Policy Issues, Price Tansparency, Quality, Uncategorized

No Free Lunch…Except in Pharma – PBGH

Great article by Pittsburgh Business Group on Health that explains the PBM rebate scam.

“The Problem…

Above board discounts and rebates would not cause problems. Let’s say your friend had a coupon for $10 off when you bought two entrees. The price of the lunch would go from $40 to $30, and you would each pay $15. With the undisclosed rebate, however, you don’t get the benefit of the discount or rebate. All of the benefit goes to your friend (Your friend pays $10, you pay $20).”

https://pbghpa.org/blog/theres-no-such-thing-as-a-free-lunch-unless-youre-in-pharmaceuticals/

Author:

A primary care physician by training, my passion is researching and writing about the importance restoring patient centered care, supporting independent private physicians, promoting free-market solutions and seeking sustainable fiscal policy in healthcare.

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