Three Card PBMs

As I have said before, I never believed in the Medicare D prescription plan. It was just another entitlement program that gouged more taxes out of the American public. Yes, I know this is heresy because we are talking about our elderly here. It is just that there were better ways to help them including most medications costing $4 a month at Walmart and Walgreens, etc. That being said, I was always suspicious when the pharmaceutical industry was in love with it. Couple that with the scam in Washington and how the people fighting for this plan soon started to work for these pharmaceutical industries and you had a recipe for disaster. Now we have a national debt that is choking us.

Here is one more diddy to add to this saga. Many of the private insurers who contracted with Medicare D have in turn contracted with the infamous pharmacy-benefit managers or PBMs. They did this because these crooks squeeze the pharmacies for lower prices and extort them to make things cheaper. You would think this would help the patients but those savings are for them and not the patients. PBMs have been ripping off patients for years by getting doctors to switch drugs "for the patient's interest". In this new criminal act, when they squeeze the pharmacies for Medicare D drugs, they then charge a higher price to the health insurer who in turn passes it on to the government. This scam is called "lock-in pricing" and is no different than a three card Monty game. And the beauty is we are all paying for it.