Vincent Rajkumar
Vincent Rajkumar

@VincentRK

6 Tweets 1 reads Aug 10, 2024
When the same company owns the insurer, the PBM, the pharmacies, and more….
ftc.gov @FTC
You get
-Higher healthcare costs
-Less choice
-Small Pharmacies close as prescriptions are steered to big company owned retail, mail order and specialty pharmacies.
-Prior auth woes
-And someone else besides your doctor telling you which medicine you can and cannot get.
Our healthcare system is set up so that everyone benefits by taking a cut out of having a higher “list” price and reduced choice except the patient.
So if you wonder why you are asked to choose a different drug than the one your doctor prescribed, or wait for “prior auth”, or wonder why small pharmacies in the US are closing and in rural areas people have drive a long way to get to a pharmacy, or why prices are so high.
Similarly if you wonder how @costplusdrugs is able to give high discounts on over 2000 prescription drug prices it is because they cut out the middlemen and this vertically integrated system. @mcuban costplusdrugs.com
@costplusdrugs @mcuban The figure I posted is straight from the FTC. Read their full report here. ftc.gov

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