Dr. Siva Thiru, PhD, Data Scientist Manager at Amruta Inc, is a member of the Technical Committee at 2018 ICEET (International Conference for Electronics Enabling Technologies). He is also chairing a session at the conference. For more information please visit https://www.smta.org/iceet/.
With Cigna Corporation announcing to buy Express Scripts and CVS announcing to merge with Aetna, the two largest Pharmacy Benefit Managers (PBMs) in the United States are slated to undergo a structural change. Will this change result in prescription drug cost savings for consumers and providers? How can employers and insurers ensure that the consumers and providers realize this cost relief? Increasing PBM Consolidations and Pharmacy Cost While health care continues to be the talk-of-the-day, the increasing cost of prescription drug benefits dominates the health care headlines. To understand the significance of these stories, we need a quick tutorial on “What is a PBM?” PBMs or Prescription B
