Following the Money Trail on Insulin Prices
Of course we've been closely following the hot topic of high insulin prices, hoping to find some answers about how to best address this quagmire. A recent Business Insider article and this Wall Street Journal article shed light on the "middle men" at work, known as Pharmacy Benefit Managers (PBMs) -- while a Bloomberg piece uncovered the " secret rebates " between those PBMs and insulin manufacturers. PBMs have been under fire for contributing to the sharp rise in healthcare costs; earlier this year Anthem accused Express Scripts of overcharging it by as much as $3 billion a year! In our own Diabetes Community, one D-Mom in Mississippi has taken on the task of "following the money trail" of insulin pricing in her own corner of the country. That woman is Nicki Nichols, who has both a husband and young daughter with type 1 and leads the Living in the World of Test Strips group on Facebook. She is the woman whose predicament made headlines this sum...