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PBMs: Cynics patrol

Late last month Jack Bruner joined PBM Caremark Rx as VP of Marketing. What was he doing before? He was head of Hewitt’s Global Health Care Practice. Who’s Hewitt? It’s one of the biggest benefit consultants in the world. What did it do last year? It tried to put together a coalition of  coalition of employers (HR Policy Association) to go around the PBMs. It basically appears to be failing.

How hard did it try, and on whose side is it (and the other benefits consultants) really on? I’ll let you Wall Street Journal readers decide if you’re suspicious of a revolving door between the consultants and the PBMs.

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Matthew HoltSBD Recent comment authors
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During my research of my insurance issue, I came across a company that I thought was interesting. It just hit me that it is a PBM. Their website points out that they are different because they are run by pharmacists and not owned by a pharmaceutical company. What they conveniently leave out is that they are owned by UnitedHealth Group. Prescription Solutions Prescription Solutions was founded in 1993 by pharmacists for managed care. Pharmacists still lead our company. This gives us a rather unique point-of-view in our industry. We recognize the treatment value of prescription medications. Our goal is not… Read more »

Matthew Holt
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Actually the Pharma companies that used to own PBMs have all long since sold them This has nothing to do with pharma manufacturers, even though you are correct to say that they have managed the PBMs very well.

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Maybe this is all just to shady for me to understand, but why would the Big Pharma Companies want to eliminate the PMB when at least two of them own one?
According the the FTC Eli Lilly owns PCS and Merck owns Medco. I wonder who owns CareMark and Express Scripts?
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