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THE BIGGEST PBMS ARE HANDLING MORE AND MORE OF THE COUNTRY’S DRUG PRICE
NEGOTIATIONS

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By Bob Herman March 22, 2022

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Alex Schmelzer didn’t think he’d be the most-hated person in drug pricing
negotiations, but he was.

Schmelzer founded a consulting firm in 2016 to help companies battle their
pharmacy benefit managers, the behemoth intermediaries that negotiate drug
prices, process claims, and create networks of pharmacies. Schmelzer and his
colleagues pored through data and discovered many employers were paying too much
for their workers’ drugs. 

Unlock this article — plus daily market-moving biopharma analysis — by
subscribing to STAT+. First 30 days free.

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ABOUT THE AUTHOR REPRINTS


BOB HERMAN

Business of Health Care Reporter

Bob Herman is a business of health care reporter at STAT. He covers hospitals,
health insurance, and other corners of the industry — with a goal of explaining
and shining light on the massive amount of money flowing through the system.


bob.herman@statnews.com

@bobjherman


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pharmacy benefit manager

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