The Statista link wasn't working before for some reason, works now. Ok, so the big 3 PBMs are getting a lot of money from other insurers. Though, there's probably no reason the insurers that own the big 3 would work with other PBMs (outside of rather rare cases).They work fine for me--
Topic: Pharmacy benefit managers
Discover all statistics and data on Pharmacy benefit managers now on statista.com!www.statista.com
Will Blue Shield’s New Pharma Model Disrupt the PBM Market? | AHA
A new plan will transition Blue Shield of California’s drug supply management from CVS Health’s PBM to five companies — a move the payer believes will save its 4.8 million members as much as $500 million a year in drug costs or about 10% to 15% of what it spends on drugs annually.www.aha.org
Prime Therapeutics is one of the five companies over which they have spread PBM responsibilities.
As for ownership... you're sort of right. It's joint-owned by a number of individual 'Blue' plans, not by the parent company.
The central point stands: majority of PBM roles for 'Blue' plans are third-party.
The rebate does not originate in premiums. It comes directly from the manufacturer.
You could say that if the entirety of the rebate was passed to the insurer (functioning as discount), then it came indirectly from premiums. But we've established that isn't the case.
All the money any PBM gets is from premiums. Regardless if someone that is insured with say United or say Blue Cross and the drug they get that has $1,000 list price is through Optum Rx (United's PBM), that money is all from premiums.