The industry says it keeps down the cost of prescription drugs, but critics say it's profiting at the expense of patients.

Pharmacy benefit managers overcharged for specialty generic medications — in many cases by hundreds and thousands of percent ...

Two health care advocates say Congress should closely regulate pharmacy benefit managers, who work between health plans and drug manufacturers to negotiate discounts on medications. File photo ...

Pharmacy benefits managers act as intermediaries between health plans, drug manufacturers and pharmacies, but their lack of transparency has raised concerns. PBMs retain rebates and discounts from ...

In late December, President-elect Donald Trump put pharmacy benefit ... the Health Transformation Alliance, a coalition of large self-insured employers focused on improving their health plans.

The move is the latest sign that the pharmacy chain is struggling to cut costs, improve margins and find stability.

A bill that aims to increase pharmacy benefit managers’ transparency by requiring them to report data to the agency that oversees pharmacy practice in Mississippi has passed the House of ...

Walgreens Boots Alliance ( WBA 1.03%) and CVS Health ( CVS 2.86%) face uncertain paths forward. They have both undergone ...

Cigna executives kicked off Thursday’s earnings call by responding to pharmacy benefit manager critics with a number of reforms.

Requires drug manufacturers and health insurers ... transparency and prohibited pharmacy benefit managers from retaliating against pharmacies or charging insurance plans or patients more than ...