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The simple corporate scheme behind massive US Brand Drug Prices

My 7-year whistleblower effort
"People Before Profits"

Not So Secret Partners

Pharma and PBMs have long been close “Partners”, not "Enemies"

 The Current Pharma/PBM "Fee" Price Collusion "Partnership”: No Suprise! 

  • Pharma and PBMs have been secret partners for several decades now 
  • There were clear warning signs of current severe U.S. pharma/PBM price collusion
    • A national health crisis that could have been avoided

The largest Pharmacy benefit managers (PBMs) were owned by pharma companies just before Medicare Part D passed into law in 2003 

DESPITE THESE SEVERE AND WIDESPREAD ABUSE/COLLUSION CONCERNS, THE DOMINANT PBMS WERE GIVEN THE PRIVILEGE OF CONTROLLING MEDICARE PART D, NOT SURPRISINGLY WITH PHARMA INDUSTRY SUPPORT

RATHER THAN LEGITIMATELY NEGOTIATING FOR LOWER PRICES FOR PART D BENEFICIARIES AND TAXPAYERS, THE DOMINANT PBMS QUICKLY COLLUDED WITH PHARMA TO MASSIVELY RAISE U.S. BRAND DRUG PRICES

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