St. Louis Public Radio News
11:17 am
Wed January 20, 2010

Business is booming for big drug negotiators

St. Louis – If your health insurance covers prescriptions, you are probably a customer of a pharmacy benefit management company, such as St. Louis-based Express Scripts. These are third-party administrators for prescription drug programs, and they make up one of the few industries growing during this recession.

These so-called PBMs are poised for even more growth, as baby boomers age and Congress prepares to insure more Americans.