The complicated web of employer drug pricing
<p>Americans spend hundreds of billions on prescription drugs each year. In fact, about $370 billion as of 2019. And employers in charge of healthcare plans paid for about $166 billion of that. It's middleman firms, which actually negotiate these drug prices on behalf of employers. But because they keep their data secret, companies have no idea whether they're getting a fair deal on drug prices or not. And an Axios investigation shows these intermediaries are working hard to keep it that way.</p>
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