This week, Ira spoke with Antonio Ciaccia, president of 3 Axis Advisors, which conducted a study to determine how prescription prices are being set. In this prescriptive episode of “Ira’s Everything Bagel,” Anthony talks about the results of the study, which concluded that the overwhelming majority of prices paid by consumers at the pharmacy counter are based on price points established by health insurance corporation intermediaries known as pharmacy benefit managers (PBMs); why, in a broader eco system, we’re supposed to overpay for brand drugs; how health insurance companies and PBMs, brought in to contain costs, actually do the opposite; and why he proposes more transparency and an end to the exemption to the “anti-kickback” law.

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