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United States Pharmacy Benefit Mangement Market Outlook & Forecasts Report 2022-2027 Featuring Key Companies and Future Players Such as Humana Pharmacy Solutions, Medimpact & Prime Therapeutics

Business Wire
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United States Pharmacy Benefit Mangement Market Outlook & Forecasts Report 2022-2027 Featuring Key Companies and Future Players Such as Humana Pharmacy Solutions, Medimpact & Prime Therapeutics

PBMs have power

In this Business Wire article you'll learn about:
  • Pharmacy costs represent almost 32% of the total health care spending, and this expenditure is expected to grow more than two times during the forecast period.

  • PBMs play a significant role in influencing out-of-pocket costs and patient access to medications owing to their management tools and formulary power.

  • Pharmacy Benefit Managers (PBMs) are in a position of power to pass savings to customers. According to PBM lobby groups, between 2020 to 2029, PBM tools will reduce consumer and plan sponsors' spending by more than $1 trillion.

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