True or False: Major insurers and HMOs prefer to sell PBM services as a stand-alone product.

Major insurers and Health Maintenance Organizations (HMOs) generally do not prefer to sell Pharmacy Benefit Management (PBM) services as a stand-alone product. Instead, PBM services are typically bundled with medical insurance offerings to create comprehensive healthcare solutions that meet the needs of clients, particularly employers. By integrating PBM services with medical insurance products, insurers can provide a full spectrum of healthcare benefits, streamline administration, and enhance overall value for their customers.

The reasoning behind bundling is multifaceted—insurers aim to leverage their negotiating power with pharmacies and pharmaceutical manufacturers, optimize medication adherence, and control costs more effectively, which can ultimately enhance patient outcomes. This approach allows for a more cohesive strategy in managing a patient's overall care, making stand-alone PBM services less attractive for major insurers and HMOs.

Therefore, the answer reinforces the understanding that the trend is to incorporate PBM services within broader healthcare plans rather than offering them independently.