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PBS News Hour

Do prescription drug middlemen help keep prices high?

Americans pay more for prescription drugs than any country in the world, and the pharmaceutical industry earns billions in profits each year. Critics blame pharmacy benefit managers, or PBMs, for a portion of those high costs through their role as middlemen between insurance plans, drug makers and pharmacies—but PBMs say they save consumers money. NewsHour Weekend Megan Thompson reports.
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January 30, 2026 - PBS News Hour full episode
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Season 2026 Episode 26
January 30, 2026 - PBS News Hour full episode
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Season 2026 Episode 18
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Season 2026 Episode 17
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Season 2026 Episode 15
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