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The Billion Dollar Drug Scam (Ep. 8)
Why Are Prescription Drugs So Expensive? The Truth About PBMs, Spread Pricing & What Employers Can Do
In this eye-opening episode of The Benefit Whisperer, host Ralph Weber sits down with pharmacist and reform advocate Benjamin Jolley to expose the hidden forces behind America’s skyrocketing prescription drug costs. 💊
From shocking stories of $1,800 bills for $140 drugs to the disturbing influence of pharmacy benefit managers (PBMs) and their spread pricing schemes, this conversation breaks down complex systems with clarity—and urgency.
🔥 Highlights include:
If you’re an employer, benefits administrator, policymaker—or just someone wondering why your prescriptions are so expensive—this is a must-watch.
📌 Chapters:
0:00 – Welcome + Prescription Drug Teaser
0:41 – Meet Benjamin Jolley
1:00 – Why Prescription Costs Are So High
4:00 – What Is Spread Pricing? (Shocking Example)
8:00 – Silencing Critics: Non-Disparagement and Audits
13:00 – What Should Employers Be Paying Per Member?
17:40 – 39 Attorneys General Demand PBM Reform
21:00 – New Jersey’s $1B Savings by Rewriting a PBM Contract
25:00 – Closing Thoughts + How to Reach Benjamin
View all episodes
By Ralph Weber
5
22 ratings
Why Are Prescription Drugs So Expensive? The Truth About PBMs, Spread Pricing & What Employers Can Do
In this eye-opening episode of The Benefit Whisperer, host Ralph Weber sits down with pharmacist and reform advocate Benjamin Jolley to expose the hidden forces behind America’s skyrocketing prescription drug costs. 💊
From shocking stories of $1,800 bills for $140 drugs to the disturbing influence of pharmacy benefit managers (PBMs) and their spread pricing schemes, this conversation breaks down complex systems with clarity—and urgency.
🔥 Highlights include:
If you’re an employer, benefits administrator, policymaker—or just someone wondering why your prescriptions are so expensive—this is a must-watch.
📌 Chapters:
0:00 – Welcome + Prescription Drug Teaser
0:41 – Meet Benjamin Jolley
1:00 – Why Prescription Costs Are So High
4:00 – What Is Spread Pricing? (Shocking Example)
8:00 – Silencing Critics: Non-Disparagement and Audits
13:00 – What Should Employers Be Paying Per Member?
17:40 – 39 Attorneys General Demand PBM Reform
21:00 – New Jersey’s $1B Savings by Rewriting a PBM Contract
25:00 – Closing Thoughts + How to Reach Benjamin
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