On March 9, Fierce Healthcare's Frank Diamond interviewed Capital Rx Co-Founder & CEO AJ Loiacono about our recent B Corp Certification announcement and the uptick in regulatory scrutiny of the PBM industry.
“PBMs are critical,” Loiacono told Fierce Healthcare. “If a PBM has this rotten drug pricing system, people immediately say that all PBMs are the problem, but PBM drug pricing is the problem."
"PBMs play an invaluable administrative role, Loiacono said. They're critical to claims administration, patient management, outreach, and more, he said... As Fierce Healthcare reported in 2021, Capital Rx wants to put a stop to what it described as the 'roulette wheel of pricing' that the PBM industry foists on patients at the pharmacy counter. But as Loiacono made clear in discussing the PBM industry with Fierce Healthcare, he wants to rescue the PBM industry, not bury it."
Check out Capital Rx CEO: PBM industry needs to be repaired, not ditched for the full story!