In February, Gov. Ned Lamont introduced the Comprehensive Package of Legislative Proposals on Healthcare, which addresses health care costs, access and worker shortages. He established a bill specifically targeting prescription drug prices, but he plans to do so by only targeting the pharmaceutical companies, failing to address the whole issue.
Consumers are often under the impression that pharmaceutical companies directly set the prices that they see at the pharmacy counter; however, there are many key players that determine how much is paid. The price the consumer pays for a drug is determined by the manufacturer, wholesaler, pharmacy, pharmacy benefit manager(s), and insurance companies or health plan sponsors. Each stakeholder plays an important role and is connected with one another, but let’s start with the consumer.