Startup PBMs’ ties to legacy competitors spark transparency questions

Startup pharmacy benefit managers are counting on regional health plans to drive their growth, saying that local insurers are increasingly interested in contracting with new PBMs that promise more transparent operations and aren’t owned by their competitors. Abarca and Triple-S Management inked a new three-year contract in August, with the independent Blue Cross Blue Shield licensee apparently attracted to the startup PBM out of a desire not to do business with its competitors.

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2021-10-05 17:30:02