Options involve risk and are not suitable for all investors. Copies of the ODD are available from your broker or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. How much investment management fee rebate that money do PBMs share with their plan sponsor clients? 2015-2016 Prescription Drug Benefit Cost and Plan Design Report.
Drug Channels again toasts Takeda Pharmaceuticals North America for having sponsored the research. According to the PBMI’s survey data, only three-quarters of employers directly receive a piece of manufacturer rebates. Others get a portion, sometimes with a guaranteed minimum amount. Despite what you may have heard, many employers still seem to prefer spread pricing models. The PBMI survey collects data from employers, not PBMs.
The 2015-16 edition includes responses from 302 employers that offer prescription drug benefits, accounting for more than 16 million covered lives. HRET survey that I discuss in Employers Get Tougher About Pharmacy Benefits and Specialty Drug Management. PBMI presents the results by employer size. Just so you know, I was on the report’s Advisory Board, which meant that I was paid a small fee to review a pre-publication version of the completed research. Final responsibility for the report’s content rests with PBMI. Rebates can reduce a third-party payer’s net prescription costs as funds flow through the channel.