Pharmaceutical costs only seem to go one direction—up. Why? The buzz in healthcare around rising drug costs lately is focused on Pharmacy Benefit Managers (PBMs).
I am sometimes asked how the Journal of Business got its start. The answer is the kind you can’t exactly provide in an elevator speech. But I was there, so if you have a few minutes, let me tell you the story. It’s a yarn I’ve written in various ways for past anniversaries of this cherished newspaper, so my apologies if you’ve heard the punchlines before. It’s also a story of how a new publication beat the odds to survive in a difficult industry, and one that became even more challenging years later.