For all the flak they get, the country’s four biggest pharmacy benefit managers reported a surprisingly tame average profit margin in the first three quarters of 2023: 4.5%, less than a third of their drugmaker peers.
But don’t take their numbers as gospel, experts warned.
advertisement
“It’s really easy to move money around inside the books of a vertically integrated organization,” said Karen Van Nuys, a senior fellow at the USC Schaeffer Center for Health Policy and Economics. “If one segment of your vertically integrated organization is not publishing any financial data, it’s a good place to hide stuff.”
Get unlimited access to award-winning journalism and exclusive events.
Subscribe Log In
Previous article：
Trump surgeon general acknowledges mistakes during Covid
Next article： Trump demands the U.S. pay no more for drugs than other countries … again
Next article： Trump demands the U.S. pay no more for drugs than other countries … again
