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PBMs, pharmacists feud over drug costs
Modern Healthcare

Pharmacy-benefits managers, or PBMs, and independent pharmacists are using a recently released AARP “RX Price Watch Report” as an opportunity to engage in a battle of words over which group is more responsible for rising prescription drug costs. The AARP report, released earlier this month, found that 2009 retail prices for 217 prescription drugs widely used by Medicare beneficiaries was notably higher than the rate of increase during the previous four years. The increase in 2009 was 8.3% compared with a range of 6% to 7.9% during 2005 to 2008.