The PBM Truth Podcast

FULLDISCLOSURE

Where Healthcare Benefits Get Real

The pharmacy benefit management industry operates in the shadows. Hidden fees. Spread pricing. Rebate games that cost employers millions. We pull back the curtain — one episode at a time.

Full Disclosure Podcast
🎙Real Conversations
🛡Real Insights
💥Real Impact
About the Show

NO FLUFF.
NO SPIN.

Full Disclosure is a podcast dedicated to exposing the truth about pharmacy benefit management. Each episode breaks down how PBMs operate, how plan sponsors and brokers can protect themselves, and what fiduciary accountability actually looks like in practice.

"A podcast about healthcare, culture,
and the truth in between."

The PBM industry moves hundreds of billions annually through a system engineered to obscure costs, inflate spreads, and hide who is actually getting paid. Brokers, HR leaders, CFOs, and plan sponsors deserve the facts.


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$500B
Annual PBM drug spend in the US
3
PBMs controlling 80% of the market
0%
Spread pricing at our sponsor
100%
Rebate passthrough to the plan
Episodes

LATEST EPISODES

All Episodes →
02
ERISA §404 and You: The Fiduciary Duty Most Brokers Are Ignoring
What the law actually requires of plan fiduciaries — and the wave of litigation coming for those who looked the other way.
Coming Soon— min
03
CAA 2021: The Transparency Law Your PBM Hoped You'd Never Read
The Consolidated Appropriations Act changed everything. Here's what plan sponsors are legally required to know — and demand from their PBM.
Coming Soon— min
04
Rebate Games: How Drug Manufacturers and PBMs Split the Pot
The rebate system was designed to lower drug costs. Instead it has been weaponized to maximize PBM revenue — at the expense of your plan members.
Coming Soon— min
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We are looking for brokers, attorneys, plan sponsors, clinicians, and industry insiders ready to speak plainly about what is broken — and what it takes to fix it.

Email Us
podcast@fulldisclosure.com
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Based In
San Diego, CA — Recording Nationwide