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More to Say About Pharmacy Benefit Managers
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More to Say About Pharmacy Benefit Managers

How insurance, Prohibition, World War 2, and tech led us here

When I was a kid, there was one pharmacy in town, and I knew the pharmacist’s name and family. Now, you can stand anywhere in my community, throw a rock, and hit a Walgreens or CVS. I haven’t known a pharmacist’s name (other than friends in the profession) since my childhood.

Today, there’s more to say about how we got from there to here, and the role of insurance along that path.

Next week, we’re going to talk about that FTC lawsuit against pharmacy benefit managers (PBMs), so I want to underscore the scope of PBMs that I discuss in this episode. Generally speaking, PBMs:

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