Novo Nordisk (Ozempic)

5056.652 - 5079.573 Ben Gilbert

Well, the insurance company doesn't want to pay whatever price the pharma manufacturer picked for their drug, and they have huge scale to throw around, so they go negotiate with the pharma manufacturer to try to get some kind of discounted rate. But rather than do that themselves, insurance companies outsource that task to a new type of company called a pharmacy benefits manager, or a PBM.