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Reports · March 2025

The 2025 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers

The prior edition of the flagship pharmacies and PBM study — 540+ pages on dispensing, reimbursement, and PBM economics.

The 16th edition of the pharmacies and PBM report. Use it to compare last year’s market positions with the 2026 edition.

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