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Michael Thompson on Employers Taking a Much Harder Look at Their PBMs | 2023 PBMI Annual National Conference
Thompson, the president and CEO of the National Alliance of Healthcare Purchaser Coalitions, said rebates and pass through are just the “tip of the iceberg” of the misalignment between employers and PBMs that disadvantages employers.
In a brief interview after speaking at the 2023 PBMI conference, Thompson also discussed the fiduciary responsibilities of employers and the conflicts of interest that many consultants who advise employers about their PBM contracts have.
“What is increasingly concerning … the advisers themselves are not working for the employers, they are actually working for the PBMs, because they are actually getting paid more by the PBM than they are getting paid by the employers. And it is a huge part of their business model and creates conflicts that probably creep into why they do things the way they do them. If you are looking for someone to take an independent look they got to be independent,” Thompson said.
Employer Survey Finds High-Cost Claims and Hospital Prices are Major Concern
December 13th 2023Rising healthcare costs impact their own organization’s competitiveness, said those who responded to the Pulse of the Purchaser survey by the National Alliance of Healthcare Purchaser Coalitions.
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Employer Group to Hospitals: Your High Prices Aren't Justified and Here's Why
September 20th 2023The National Alliance of Healthcare Purchaser Coalitions issued a report today debunking what it says are 10 myths used by hospitals to justify the high prices they charge health plans sponsored by employers. The American Hospital Association responded with a statement that said report was a rehash of anti-hospital talking points.
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Michael Thompson on Employer-PBM Relations and What It Will Take to Change Them
September 12th 2023Thompson, the president of the National Alliance of Healthcare Purchaser Coalitions, said if that 20% of the market changes way it deals with PBMs “it will change the market, it will change the conversation, it will change the practices of key players.”
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