Comment by lotsofpulp

Not true. PBMs are just departments of MCOs, so they are included in the profit margins of MCOs (at the bottom).

>The PBMs also have incredible profit margins, upwards of 80%.

I would love to see a single SEC filing showing this, mostly because there exist no standalone PBM.

Also, YouTube is not a source for financial information. 10-Ks, for example, would be.