Transparency Helps Benefits Manager Gain Clients
Pharmacy benefit management is a controversial industry. Yes, the industry saves health insurers on drug costs. But the giant pharmacy benefit managers, called PBMs, have also been the targets of multiple lawsuits claiming these middlemen earn outsize profits through opaque business practices. That's why it's paid off for SXC Health Solutions (SXCI) of Lisle, Ill., to be relatively small and transparent. PBMs aim to reduce costs for employers,
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