Abarca Health and LucyRx to Combine to Scale Independent PBM Model
Abarca Health and LucyRx plan to combine to build a larger independent PBM serving more than 9 million members.
Abarca Health and LucyRx plan to combine to build a larger independent PBM serving more than 9 million members.
Abarca Health is paying attention to specialty drugs, AI in healthcare, the impact of obesity-related conditions, and increased government regulations.
For the first time ever, CMS is preparing to negotiate prices for drugs paid for by Medicare. This has sparked a huge debate — will the creation of this taxpayer-funded drug negotiation infrastructure be a failed experiment, or will it become the standard for the future of drug pricing in this country? Jason Borschow, president and CEO of Abarca Health, says it's the latter.
Although they've seen growth in the last few years, full implementation of outcome-based contracts faces hurdles like expensive technology, outmoded infrastructure and regulations that get in the way.