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Substances Listed Gpo  Form

Substances Listed Gpo Form

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(mild music) - [Narrator] Lately there's been a lot of talk about prescription drug costs. One word that comes up often is rebates. You may be familiar with how rebates work for other consumer goods. When you buy a certain product, the manufacturer gives you some money back, which is called a rebate. But when it comes to prescription drugs, rebates work a little differently. Let's start with the drug company, which sets a price for their drug, sometimes called the list price. It's often used to determine how much someone pays when they fill a prescription. If you have insurance, you might pay a percentage of the list price, or if you haven't met your deductible, you might pay the whole amount. If you don't have insurance, you might also pay the full list price. But behind the scenes, the drug company may also offer a rebate, or a discount on the list price to a pharmacy benefit manager, or PBM. Health insurance companies use PBMs to manage their pharmacy benefits. This includes develop

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