Prescription spending has increased substantially in recent years, growing to more than $630 billion in the US in 2022. Of that, approximately 51 percent of total pharmaceutical spending was on ...

Pharmacy Benefit Managers [PBMs] are the middlemen who manage virtually all prescriptions written in the U.S. Serving as brokers among drugmakers, pharmacies, and health insurers, these health care ...

Medicine stands at a remarkable crossroads. The explosive growth in specialty drug development marks a new golden age of therapeutic innovation. In 1990 there were just 10 specialty drugs on the ...

FIRST ON FOX: A bipartisan group of lawmakers is pushing to reform the incentive structure for Pharmacy Benefit Managers (PBMs), arguing that it drives up patient costs by encouraging them to favor ...

Proponents of a bill say a prescription drug card should bring prices down at the counter. Pharmacists say this doesn’t change the true price of drugs.

Medicare beneficiaries who take a lot of pricey medications will get a big break in 2025. That’s when the $2,000 annual cap on out-of-pocket costs for drugs bought at the pharmacy or through mail ...