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Dr. Matthew Stryker: Who profits from drug price decreases? | Fox News

According to a new analysis released last month, Americans spent $3.65 trillion dollars on health care in 2018 – more than the entire gross domestic product of Canada. That’s over $11,000 per person, and it reflects a growing affordability crisis that threatens the health of millions of people.

The Trump administration has been pushing for lower drug prices, and some drug manufacturers have responded by lowering prices and providing greater access to life-saving treatments.

However, there is a growing concern among health care providers that the middlemen who negotiate drug prices on behalf of insurers – known as pharmacy benefit managers (PBMs) – are actively working to keep prices high for consumers, presumably in an effort to increase their own profits.

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Dr. Matthew Stryker: Who profits from drug price decreases? | Fox News.