A Nugget of Gold A few days ago, I attended a meeting with the board of trustees of a health and welfare plan and trust and a pharmacy benefit management company. As trustees, these men and women have a fiduciary responsibility to make certain the health plan is operating in a cost effective manner. Essentially, they are trying to get the best bang for their buck. In attempting to do so, they have contracted with a company to manage their pharmacy costs. This pharmacy benefit management (PBM)...
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