A member asked:

What are the benefits and disadvantages of prescription drug plans?

A doctor has provided 1 answer
Dr. Alan Ali answered

Specializes in Psychiatry

PBMs: Pharmacy benefit manager (pbm) is a third party administrator of prescription drug programs. They process & pay prescription drug claims, develop formulary, contract with pharmacies, & negotiate discounts & rebates with drug manufacturers. Some benefits are cost. Some disadvantages are availability & speed of delivery.

Answered 8/27/2012

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