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Auditor's Report: Pharmacy Benefit Managers Take Fees of 31% on Generic Drugs Worth $208M in One-Year Period
August 16, 2018
COLUMBUS, Ohio, Aug. 16 -- Ohio State Auditor Dave Yost issued the following news release:

Ohio's Pharmacy Benefit Managers (PBMs) charged the state a "spread" of more than 31 percent for generic drugs - nearly four times as much as the previously reported average spread across all drugs, according to a new report by Ohio Auditor of State Dave Yost.

An analysis conducted by Auditor Yost's staff found PBMs collected $208 million in fees on generic Medicaid pres . . .

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