Re:If PBM’s are really and truly providing no benefits
When I was getting information regarding the start of this business enterprise, I talked to people involved with the PBM industry. One explained to me that the whole PBM model was destined to collapse. This was before Medicare D. She stated that basically, CEO's were "lazy" about looking too deeply into their benefit costs. Easy solutions are easily approved. She felt there was only so long until the health burden would force CEO's to look at what they were getting for the money and would start to ask questions that the PBM would not want to answer. She called it the "black box" where money went in and less money came out. Once the box was opened, by legal action or government oversite, the whole model would collapse. She seemed to think this would happen sooner rather than later. She sited the increased legal action against them as proof of her time-frame.
Now that Medicare D has been started, using PBMs as the cost savings mechanism, this demise has not happened. If I was a conspiracy freak, I would assume the government has propped up the industry so that the program wouldn't crumble with it. As I'm not a freak, I can't ever imagine our government propping up any private industry to preserve jobs, homes, or programs. That would be un-American!
As for shorting the stocks, my investment history would not allow me to ever be qualified to give advice....
RPh
Market Data 
Markets 
AI
