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News You Can Use: Special Edition with Phia Part 2 of 6 The PBM Trap
Limited Six Part Series: Straight Talk, Better Benefits with The Phia Group Join Dr. Nick and Adam Russo, CEO of The Phia Group for Part 2: The PBM Trap: How “Savings” Are Costing You a Fortune PBMs (pharmacy benefit managers) were created with good intentions but became broken middlemen incentivized to push higher-cost drugs. Securing a big discount on an expensive drug looks more impressive than low-cost alternatives. Unfortunately, the system encourages over-prescription. 90% of doctors have no idea what the drugs they prescribe will actually cost you, and direct-to-consumer advertising…
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