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by uxp
2418 days ago
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PBMs are rent seeking middlemen. Their desire to seek the lowest drug price is arguably what contributes to things like quality standards at pharmaceutical manufactures slowly loosening and contaminants getting into the supply line. Honestly, we should have an independent 3rd party with zero financial investment in either approving or rejecting a quality check of a batch sample. Something Federal, so manufacturers cant "shop states", that administers and regulates drugs and their distribution. Not sure what I would call it. I tend to go with cartoonish things, so Merlin after the bumbling wizard sounds fun, but the bureaucrat in me thinks the acronym "F.D.A." would suffice. |
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It's somewhat similar to the role of the NHTSA(?). They set the general rules and approve each vehicle model, but they don't go to the factory to test each single car.