CEO & Co-Founder, Rightway. Simplifying how employers and members manage healthcare and prescription benefits.
Joined August 2021
- Tweets70
- Following355
- Followers142
- Likes361
Jordan Feldman retweeted
Genentech, like Lilly, moved its PBM to Rightway last year. CEO Ashley Magargee said in an @endpts interview that the company expects to save tens of millions of dollars as a result. endpoints.news/genentech-ceo…
Jordan Feldman retweeted
Cool video of PBMs driving a hard bargain on specialty drugs with their affiliated pharmacies
Jordan Feldman retweeted
Mark on life and @OscarHealth, a must-see!
I’ve never heard a life story like this. Mark enduring insane hardship with his son, and then decades of extreme pain, but as he describes, the pain so impacts his brain that he also becomes a sort of business terminator during this period of pain.
I’m not sure how he survived all of this. I don’t even know what the lesson is, because I honestly think I would have crumbled. All I know is I hunt for remarkable stories all the time, and this is one.
Thinking of Mark's motivations and skill to now lead Oscar is completely fascinating. This is a unique one. I hope you enjoy it.
Timestamps
0:00 Intro
1:04 A Near-Fatal Accident
4:04 Growing Up in Detroit
5:57 From Auto Worker to Business Leader
9:21 Building and Fixing Companies
15:50 The Evolution of US Health Insurance
22:28 Oscar Health: A New Approach
35:13 The Role of AI in Healthcare
37:55 Son's Battle with Cancer
42:45 Eastern Beliefs & Personal Transformation
53:25 Yoga and Employee Wellness
58:33 Raising Employee Wages and Benefits
1:07:40 Balancing Success & Personal Struggles
1:10:56 Early Lessons in Work & Money
1:15:56 Bridgewater and Transition Challenges
1:20:25 Joining Oscar Health
1:23:54 The Importance of Curiosity and Courage
1:30:47 Reflections on Personal Growth
1:35:30 The Kindest Thing
Jordan Feldman retweeted
Disintermediating PBM middlemen would save Americans $100b a year says USC research. They nailed it
academic.oup.com/healthaffai…
Jordan Feldman retweeted
Average US family health insurance premium...
2000: $6k
2003: $9k
2006: $11k
2009: $13k
2012: $16k
2015: $18k
2018: $20k
2021: $22k
2024: $26k
That's a 342% increase since 1999 (6.1% per year).
(Note: US CPI inflation has increased 2.5%/year)
The most absurd number in CPI?
According to the US Government, the cost of health insurance has declined 19% over the last 5 years...
youtube.com/channel/UCRoWRnX…
Jordan Feldman retweeted
Today, I introduced the Bipartisan Pharmacy Benefit Manager (PBM) Reform Act.
For decades, PBMs have been STEALING patients’ hope and health. As a pharmacist, I’ve seen firsthand the heartbreaking impact of PBMs— forcing families to choose between groceries and medicine. It’s time to end this.
IN with PBM reform. OUT with the PBM monopoly!
buddycarter.house.gov/news/d…
Jordan Feldman retweeted
PBMs have shown where their priorities lie - and it’s not with the consumer.
We are drawing a line here in Arkansas to ensure Arkansans have access to the prescription drugs they need at low prices.
dailywire.com/news/sarah-san…
Jordan Feldman retweeted
If we really want to decrease the cost of medicine in the US we MUST have meaningful PBM reform. These insurance companies are stealing money from American patients hand over fist.
Jordan Feldman retweeted
Anytime somebody talks about lowering drug prices without discussing pharmacy benefit managers, you know they’re not serious about lowering drug prices
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We’re doing it at @rightwayhc
Happy to help the state or any companies in your district
The solution is so obvious — 100% pass thru, no spread pricing, no owning dispensing assets, create a marketplace of competition for meds, allow for direct pharma negotiations. And build a formulary on clinical efficacy and lowest net cost. Not rebate yield.
Jordan Feldman retweeted
There are plenty of villains but the insurers and the PBMs are the ones to focus on
Jordan Feldman retweeted
PBM reform is gaining traction and Rep. Jake Auchincloss is leading the charge. Join Rightway on May 9th at 2PM ET for a webinar on what’s happening in Congress and the future of pharmacy benefits. Save your spot: bit.ly/4jAXvAz
Jordan Feldman retweeted
Newsmax or MSNBC, I'll go everywhere to talk about lowering Rx drug prices by reforming the drug-pricing middlemen known as pharmacy benefit managers. The bill is drafted, the bill is bipartisan, and the bill has the votes in the House & Senate. Speaker Johnson: bring up the bill!
Jordan Feldman retweeted
What is a “pharmacy benefit manager”?
🇺🇸 BRIGHAM BUHLER: 30% OF YOUR PRESCRIPTION COST IS A KICKBACK
"Everyone’s talking about the high price of Ozempic, but here’s the truth: about 30% of the cost of every prescription drug is a kickback to pharmacy benefit managers.
If Ozempic costs $1,000 a month, $300 is going to middlemen.
It’s a pay-to-play system."
Source: @lexfridman @ferrisbuhler81
Jordan Feldman retweeted
CVS pharmacies illegally dispensed controlled substances including opioids, fueling an overdose crisis as short-staffed stores ignored red flags, the US Department of Justice alleged in a whistleblower lawsuit unsealed Wednesday. trib.al/fHU3FAx
Jordan Feldman retweeted
A New York Times investigation found that for years, the benefit managers, or PBs, took payments from opioid manufacturers, including Purdue Pharma, in return for not restricting the flow of pills. As Americans overdosed, the middlemen collected billions. nyti.ms/4iUb52v
Jordan Feldman retweeted
It is time for Congress to take up #PBM reform. We have the votes and Americans need it. We must act now!