Prime Therapeutics supports expanded prescription drug price transparency and consumer choice
Prime supports TrumpRx pricing as another way to help members compare options and find the lowest available prescription drug price
Prime Therapeutics LLC (Prime) today announced its support for making TrumpRx prescription drug prices visible to consumers. The industry commitment, announced in coordination with the Centers for Medicare & Medicaid Services (CMS) and the Pharmaceutical Care Management Association (PCMA), would enable TrumpRx prices to be used as an additional pricing data point alongside prices and options available through a member’s pharmacy benefit, where consistent with plan coverage and permitted by law. This gives members another way to identify the lowest available price for their medications.
Prime’s model is built around affordability, transparency and choice — not steering members to pharmacies it owns. As a company owned by not-for-profit Blue Cross and Blue Shield plans, Prime is focused on helping health plans, employers and members find the lowest available prescription drug price, wherever that value exists. That approach is reflected in solutions like MedsYourWay®, which can show members the lowest available price for their medication, and Amazon Pharmacy home delivery, which gives members another convenient way to access prescription medications. Both examples reflect the same principle: Prime works with partners to make pricing information more useful, expand member choice and help people find lower-cost prescription options without steering them to an owned pharmacy asset.
“Affordability, transparency and choice have long been central to how Prime serves our clients and members,” said Katie Payne, chief external affairs officer at Prime. “When a lower-cost option is available, people should be able to see it, understand it and use it. Making TrumpRx pricing available as another point of comparison is consistent with that commitment.”
“Transparency matters most when it helps people make better choices,” Payne added. “Prime will continue working with clients, policymakers, pharmacies and other health care partners to make pricing information more usable and advance solutions that improve prescription drug affordability, choice and access.”
About Prime Therapeutics
Prime Therapeutics LLC (Prime) is a diversified pharmacy solutions organization. We offer innovative pharmacy benefit management, specialty and medical drug management, and state government solutions to millions of people across the country. At Prime, we’re reimagining pharmacy solutions to provide the care we’d want for our loved ones. We challenge the way it’s always been done to develop intelligently designed solutions that deliver savings, simplicity and support to help people achieve better health. For more information, visit us at PrimeTherapeutics.com or follow us on LinkedIn.