If you're reading this and work in HR or finance for a self-funded employer, never retain the services of a broker or PBM consultant who benefits when your pharmacy costs increase. Should you do so, be sure to have signed a conflict of interest disclosure form.
- Do you have the expertise within your company to evaluate PBM contract language?
- Do you have the skillset to design a pharmacy benefit plan? Or do you need additional training in pharmacy benefits management?
- Do you have the expertise and resources to manage the plan design or do you need to build in the incentives for the PBM to manage your program?
- How do you want to be involved in the management of the plan after it is set up?

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