Unraveling Pharmacy Industry: PBMs and Cost-Plus Pricing

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In this episode, we try to unravel the confusing web that is the intricate workings of the pharmacy industry. We try to grasp a better understanding of the role of Pharmacy Benefit Managers (PBMs) and explore the differences between chain pharmacies and PBM pharmacies. We also touch on the rise of Cost-Plus Pharmacies, including Mark Cuban's pharmacy, and how they aim to disrupt traditional pricing models.

We chat with Forest Park Pharmacy co-owner Brad Hart as he analyzes the challenges faced by CVS, despite owning a PBM like Caremark, and examines the intricacies of GoodRx and its impact on prescription drug costs. We'll also explore the purpose of price checkers and how they can empower consumers to make informed decisions.

We discuss the challenges faced by Medicare recipients and local pharmacies in accessing affordable medications, particularly GLP-1 therapies. It’s a jungle out there in the pharmacy world, and we think this will help give us just a bit of clarity in the complexities in a confusing pharmaceutical arena.
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⭐️Mounjaro Stanley⭐️

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