WHAT IS A PHARMACY BENEFIT MANAGER? And more importantly why do they make drugs more expensive? This little known middle man between drug companies and health insurance plans was INTENDED to make things cheaper, but consolidation has led to three companies doing all the work and significantly driving costs HIGHER. I’m talking to Antonio Ciaccia from 3 Axis Advisors about this at 2:30, but it’s another example of opacity instead of transparency and that is never good for the consumer. Read the latest report about this here.