Chad Gibbons @wcgibbo
South Carolina Joined February 2009-
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How do to prop stock? $CI $UNH $CVS $HUM $NVO How do you bankrupt healthcare payors? How do you close independent providers? You take a $972 drug Manufacturer pays 50-60% ($486-$583) rebate directly to PBM for formulary addition. PBM has zero transparency nor fiduciary…
How do to prop stock? $CI $UNH $CVS $HUM $NVO How do you bankrupt healthcare payors? How do you close independent providers? You take a $972 drug Manufacturer pays 50-60% ($486-$583) rebate directly to PBM for formulary addition. PBM has zero transparency nor fiduciary… https://t.co/hatAjlXfBr
Saying “F**k NASCAR” is crazy work after right hooking someone
Saying “F**k NASCAR” is crazy work after right hooking someone
Disintermediating PBM middlemen would save Americans $100b a year says USC research. They nailed it academic.oup.com/healthaffairss…
Recently, the FTC reported that the top 3 PBMs reaped $7.3 billion in profits from marking up drug prices - a clear indication that they are not negotiating lower prices but profiting at consumers expense. Read full article at bit.ly/4lCDQ4a
PBMs are buying up pharmacies and putting independent ones out of business It's classic monopolistic behavior—the PBMs get rich while the American people get the shaft
Now let's go national: Congress should pass the bipartisan, bicameral PBM Act that I am co-leading. statnews.com/pharmalot/2025…
We are not your partners. We don't want to be your partner. You are solely responsible for our industry's slow death. If it were up to us, PBMs would not exist. Stop calling us your partners.
We are not your partners. We don't want to be your partner. You are solely responsible for our industry's slow death. If it were up to us, PBMs would not exist. Stop calling us your partners.
What a joke. When your state puts the Big PBMs above their local pharmacies they are telling you they don’t care about the health of their residents. The big question is: What value do the big PBMs actually offer ? The state doesn’t need them to negotiate prices or determine…
What a joke. When your state puts the Big PBMs above their local pharmacies they are telling you they don’t care about the health of their residents. The big question is: What value do the big PBMs actually offer ? The state doesn’t need them to negotiate prices or determine…
Island I see you in the distance I feel that your existence Is not unlike my own Island they say no man is like you They say you stand alone Sometimes I feel that way too
In case you didn’t know, this account is the PBM lobby. PBMs force patients to switch from generics to more expensive brand names because they get kickbacks (rebates) from the manufacturers. You can just assume that what PCMA supports is bad for healthcare.
In case you didn’t know, this account is the PBM lobby. PBMs force patients to switch from generics to more expensive brand names because they get kickbacks (rebates) from the manufacturers. You can just assume that what PCMA supports is bad for healthcare.
I am a pharmacist and a pharmacy owner. The FTC has done nothing for my industry except watch 3 PBM monopolies decimate independent pharmacies while allowing them god like powers to overcharge 100s of Billions and to steal our patients. We begged for over a decade & got Zip.
I am a pharmacist and a pharmacy owner. The FTC has done nothing for my industry except watch 3 PBM monopolies decimate independent pharmacies while allowing them god like powers to overcharge 100s of Billions and to steal our patients. We begged for over a decade & got Zip.
Great article that explains the monopolistic PBM playbook. Decrease reimbursement, increase fees, vertically integrate, and ultimately choke out the competition. This is why independent pharmacies (and competition in general) are dying. Eventually we will only have 3 pharmacy…
Great article that explains the monopolistic PBM playbook. Decrease reimbursement, increase fees, vertically integrate, and ultimately choke out the competition. This is why independent pharmacies (and competition in general) are dying. Eventually we will only have 3 pharmacy…
$550 Million Fraud!
CVS Pharmacy merged with Caremark (PBM - middleman) then acquired Aetna an insurance company to form the golden trifecta of vertical integration. Caremark their PBM facilitates over 20% of all the prescriptions filled in America. By controlling reimbursements in over 1 out of…
@HokiePharmacist @JoePharmer @tmac622 @cvspharmacy @Walmart @kroger @riteaid @Albertsons @Publix @Costco @Walgreens @TruthRX @Greg_Reybold @A_Ciaccia @BrandiChane @mass_marion @UpNortPharm How can independent pharmacies survive if Walgreens can't survive without a PBM? Walgreens had tremendous scale, and it didn't matter. Maybe someone in Washington should realize this is an emergency; we need PBM reform now.
@HokiePharmacist The PBM reform would save $5 billion and the Senate won’t vote for this! We need @realDonaldTrump to get behind PBM reform! I have listed all the reasons PBM reform shouldn’t be done below: There are none!
Express Scripts is trying to kick me out of network in retaliation for my work on the single PBM bill in Virginia.
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