What is a Pharmacy Benefit Manager (PBM)?
This video defines and explains the practices of Pharmacy Benefit Managers (PBMs), the companies that create and oversee your prescription drug benefits. PBMs use several practices designed to save the health plan money, but these cost-control measures may negatively impact people with cancer. This video explains what to do in the face of PBM practices, including Formularies, Price Negotiations, Pre-Authorizations, Step Therapy, Specialty Pharmacies and Claim Denials.