Pharmacy benefit managers good partners
Imagine you go to pick up a prescription. You hear the pharmacist say something like, "That'll be
That rush of relief you're feeling? That's your Pharmacy Benefit Manager at work.
Pharmacy Benefit Managers, or PBMs, provide your prescription coverage. Part of that is negotiating with drug manufacturers to get you lower prices on medicine. Many also provide a range of other services to make it simpler — and more affordable — to get the medicine people need.
As an independent pharmacist in
Here's just one example: I was approached by a PBM called IngenioRx to join a program they have called ZipDrug. The program helps ensure patients are taking their medicines as prescribed.
Adherence to prescriptions is a huge issue, in
ZipDrug creates personalized services for patients, including hand delivery and custom pill packaging to help ensure they take the right medications at the right time. The program also connects participants with high-quality pharmacists in their area to help ensure their needs are being met.
As my patients' pharmacist, I know when their medication should be refilled, and when and how they need to take it. PBM programs such as ZipDrug help me help them. Since entering into the program, I've seen scores of patients benefit from this service; they get the convenience of mail order but the friendly and individualized service of a local, known pharmacist. It's especially important for elderly patients, who don't need to drive or log in to an app or computer to participate.
These programs also keep patients out of emergency rooms, playing a vital role for communities and taxpayers. According to the
Unfortunately, PBMs regularly fall under attack from interest groups and even some government officials. It's easy to see why: every dollar that PBMs save customers is a dollar that doesn't go to a big drug company or a pharmacy conglomerate. Big Pharma spent
It's essential that our leaders not fall for it. I've found most of the PBMs I work with to be great partners — they look out for patients and help us to help them. And, by keeping Texans healthier and out of the emergency room, they save the state hundreds of millions of dollars every year.
The state must not take away one of the best tools we have to help
Patel is an independent pharmacist in


Report: Billions in COVID jobless claims fraudulent
Billions in jobless claims potentially fraudulent
Advisor News
- Three estate planning ideas to protect your clients and their wealth
- What advisors must know about accessible client documents
- Your client texted. Now what? The compliance rules advisors better know
- Helping small-business owners build, grow and exit
- Help women break through their retirement roadblocks
More Advisor NewsAnnuity News
- State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
- Wink: Annuity sales post strong Q2, led by MYGAs and structured products
- Legacy Marketing Group partners with Malibu Life USA for annuity launch
- Best’s Market Segment Report: Global Life/Annuity Reinsurers Remained Poised for Steady Growth
- When technology becomes easy to rent, what still separates life and annuity carriers?
More Annuity NewsHealth/Employee Benefits News
Life Insurance News