STAT+: Here’s who’s profiting the most in health care
Ahead of the dealmaking & hobnobbing of #JPM2024, STAT took a look at which #healthcare sectors draw the most profit. More surprising might be who doesn’t. Take a look:
For all the flak they get, the country’s four biggest pharmacy benefit managers reported a surprisingly tame average profit margin in the first three quarters of 2023: 4.5%, less than a third of their drugmaker peers.
But don’t take their numbers as gospel, experts warned.
“It’s really easy to move money around inside the books of a vertically integrated organization,” said Karen Van Nuys, a senior fellow at the USC Schaeffer Center for Health Policy and Economics. “If one segment of your vertically integrated organization is not publishing any financial data, it’s a good place to hide stuff.”
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