Health insurance companies and pharmacy benefit managers (PBMs) negotiate significant rebates and discounts when purchasing medications from drug manufacturers, but fail to pass those rebates and discounts on to patients.
As a result, insured people with chronic conditions in Massachusetts are paying nearly double what their insurer is paying for lifesaving and life-sustaining medication.
Massachusetts lawmakers are championing a simple solution – share the savings with our most vulnerable neighbors. The proposed legislation would require insurers and PBMs to share the benefit of rebates and negotiated discounts directly with patients.
It is time to fix the financial burden placed on people living with chronic diseases.
The Patient Pocket Protector Coalition believes that prescription drug rebates should be shared with patients. Over 4 million Massachusetts residents live with at least one chronic condition; 1.6 million live with 2 or more, and rebates for necessary prescription medications average 48%. Our goal is to protect patients’ pockets by holding politicians accountable for out-of-pocket costs and unregulated Pharmacy Benefit Managers.