MESSAGE
DATE | 2017-06-11 |
FROM | Ruben Safir
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SUBJECT | Re: [Hangout - NYLXS] PBMs and Rebates... lets not just blame Abbott
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https://www.statnews.com/pharmalot/2017/04/03/mylan-epipen-pbm-rebate-kickbacks/
Mylan is sued by consumers who claim PBM rebates are really kickbacks
By Ed Silverman -at-Pharmalot
April 3, 2017
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Mylan CEO Heather Bresch holds up an EpiPen two-pack while testifying on Capitol Hill. Pablo Martinez Monsivais/AP
Three consumers filed a lawsuit accusing Mylan Pharmaceuticals of paying kickbacks to pharmacy benefits managers in order to boost EpiPen sales, which caused them to unfairly overpay for the allergy-reaction device that has been at the center of the national debate over the high cost of medicines.
Their allegations take aim at the convoluted interplay between drug makers and pharmacy benefit managers, which are middlemen that negotiate favorable insurance coverage for medicines on behalf of insurers. The PBMs attempt to extract the best prices from drug makers and, for their trouble receive rebates, some of which are held back as fees.
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