WASHINGTON — Companies like Pepsi, Walmart, and Jack in the Box foot the bill for more than 150 million Americans’ prescription drug needs.
But in Washington, where both Democrats and Republicans have launched into major campaigns to lower prescription drug prices, the bulk of the conversation about how to lower prescription drug prices has focused on changes to Medicare.
A coalition of Fortune 500 companies and other employers is ready to change that.
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“drug costs are growing at a much faster rate than hospital spending”
That is simply false. Net drug spending has been growing at <2%/year in the commercial market. See https://www.drugchannels.net/2019/05/which-pbm-best-managed-drug-spending-in.html