A recent poll found that just 31% of Americans trust the pharmaceutical industry, and 78% of Americans believe the industry is responsible for the high cost of health care. Seventy-two percent of Americans believe the industry has far too much influence over our government.
The costs, however, are significantly offset by the generous government funds and tax cuts these companies receive for research and development. Big Pharma is receiving even more government aid in recent years, yet drug costs continue to rise.The drug giants don’t account for the public good in the calculation. It’s about what will make them more money.
PBMs are third-party companies that insurers use to negotiate lower drug prices. The pharmaceutical industry wants to make them the scapegoat for skyrocketing health care costs and is spending big to do so.You’ve probably seen the ads. They sayare the bad guys. They say we need to add more government regulations on them to keep health care affordable.