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What are the advantages and disadvantages for a health plan

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Pharmacy Benefit Managers

Pharmacy benefit managers (PBMs) are specialized business entities established to provide a broad spectrum of outsourced pharmacy benefit management services for their private and public payer customers on a stand-alone or carve-out basis. PBMs are regarded as experts in pharmacy benefit management.

What are the advantages and disadvantages for a health plan in using a PBM to manage its pharmacy services rather than developing or building these services internally? Share your thoughts with classmates.

Reference no: EM131529839

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