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Business is booming for big drug negotiators

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By Matt Sepic, St. Louis Public Radio

http://stream.publicbroadcasting.net/production/mp3/kwmu/local-kwmu-881042.mp3

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.

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