# How to Spot PBM Markups Hiding in Plain Sight (feat. James Murray)

Page: https://stenobird.com/podcast/moving-to-value-unscripted-6695836/how-to-spot-pbm-markups-hiding-in-plain-sight-feat-james-murray
Text version: https://stenobird.com/podcast/moving-to-value-unscripted-6695836/how-to-spot-pbm-markups-hiding-in-plain-sight-feat-james-murray.md
Podcast: [Moving to Value Unscripted](https://stenobird.com/podcast/moving-to-value-unscripted-6695836)
Published: 2026-07-21T13:18:03+00:00
Episode link: https://podcasters.spotify.com/pod/show/moving-to-value-alliance/episodes/How-to-Spot-PBM-Markups-Hiding-in-Plain-Sight-feat--James-Murray-e3mbsgu
Audio file: https://anchor.fm/s/e7dc0824/podcast/play/123121630/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-6-21%2Fd8b3c542-ee72-bd31-259d-7f54529ce6e7.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/moving-to-value-unscripted-6695836/episodes/how-to-spot-pbm-markups-hiding-in-plain-sight-feat-james-murray
Duration seconds: 2162

## Resource

What if a generic medication retailing for $15 was billed to your company’s health plan for over $6,000? James Murray, Founder and Managing Director of Murray Strategic Healthcare Ventures, spotlights these massive markups happening every day in corporate healthcare. With 35 years of Wall Street capital markets experience, Murray brings an institutional risk manager’s lens to the opaque world of Pharmacy Benefit Managers (PBMs). He identifies the middleman fees draining employer budgets and employee retirement assets, and shares how self-insured plan sponsors can use public Form 5500 filings and new CAA disclosure mandates to demand fee transparency at the renewal table. Tired of accepting healthcare spending as an uncontrollable expense? This episode is a roadmap to reclaiming control. ________ Sign up for our email list. Thank you to our members who make our work possible! As a 501(c)(3) nonprofit, the Moving to Value Alliance relies on generous supporters to advance our mission of creating a value-based healthcare ecosystem with high-quality health outcomes at a reasonable cost for plan sponsors and their members. Get involved at movingtovalue.org/members .

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/moving-to-value-unscripted-6695836/episodes/how-to-spot-pbm-markups-hiding-in-plain-sight-feat-james-murray/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/moving-to-value-unscripted-6695836/how-to-spot-pbm-markups-hiding-in-plain-sight-feat-james-murray.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.