The Pharmacy Benefit Manager (PBM) market is at a tipping point. Long-standing structural issues are now translating into real dissatisfaction, sharper scrutiny, and market share shifts away from traditional models. Several trends are driving this shift at once: rapidly rising pharmacy spend, growing fiduciary and regulatory pressure, and increasing demand from plan sponsors for better pricing, greater transparency, and stronger service. Up-and-comers are making significant inroads, but incumbents still have real advantages, including procurement scale, broader bundles, and switching-cost protection, so disruption is unlikely to be immediate.
Read the full article: Beyond the Middleman: The PBM Market at an Inflection Point //
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