October 25, 2021
  • Billionaire investor Mark Cuban and the Purchaser Business Group on Health (PBGH) are each launching new pharmacy benefit managers (PBMs) amid criticism that PBMs aren’t transparent about how much they save consumers. Cuban’s company will include pharmaceutical manufacturing, distribution, and pharmacy services, and it plans to sell generic drugs at a fixed-rate price. PBGH’s new PBM, EmsanaRx, will be housed under an independent for-profit company called Emsana Health. The PBM will start operating next year with a small number of regional medical centers with about 3,000 employees total. (Article here)