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Bob Herman

Health Care Business Reporter at STAT

Bob Herman is a proficient health care business reporter with a strong background in journalism. Currently working at STAT, Bob has accumulated several years of experience reporting on the health care industry. In addition to his reporting skills, he also has a unique specialty as a mascot.

Highlights

Sep 3 · linkedin
Jul 23 · linkedin

Express Scripts overcharged U.S. Postal Service workers and their families by a whopping $45 million for their prescription drugs during a recent five-year period, according to a little-noticed federal audit that my colleague ed silverman and I looked at.

Nearly half of the overcharges stemmed from drug rebates that Express Scripts, one of the largest pharmacy benefit managers in the country, negotiated with pharmaceutical companies. But instead of passing back 100% of that money to the health plan, as the contract required, the PBM skimmed millions for itself.

Rachel Strauss ⭐️ read the report and told us this: “That’s not how this works. It should be very clear when a PBM states that they are pass-through, it means they’re not making any money as it pertains to the claims, whether it’s rebates or the cost of the prescriptions than what the plan sponsor is paying. You can’t have it both ways.”

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Location

Greater Chicago Area