FTC Releases Interim Staff Report on Prescription Drug Middlemen
The Federal Trade Commission today published an interim report on the prescription drug middleman industry that underscores the impact pharmacy benefit managers (PBMs) have on the accessibility and affordability of prescription drugs.
Pharmacy Benefit Managers: The Powerful Middlemen Inflating …
Jul 9, 2024 · Visit the Noncompetes feature page for more information, including factsheets featuring stories on how the rule can benefit Americans.
FTC Launches Inquiry Into Prescription Drug Middlemen Industry
Jun 7, 2022 · The Federal Trade Commission announced today that it will launch an inquiry into the prescription drug middleman industry, requiring the six largest pharmacy benefit managers to provide information and records regarding their business practices.
Pharmacy benefit managers profit at expense of patients and small ... - CNN
Jul 9, 2024 · Pharmacy benefit managers, which negotiate the terms for prescription drug access for hundreds of millions of Americans, are racking up profits while squeezing patients and independent...
F.T.C. Slams Middlemen for High Drug Prices - The New York Times
Jul 9, 2024 · The Federal Trade Commission on Tuesday sharply criticized pharmacy benefit managers, saying in a scathing 71-page report that “these powerful middlemen may be profiting by inflating drug...
FTC And Pharmacy Benefit Managers Square Off For Legal Battle …
Oct 7, 2024 · The Federal Trade Commission filed a lawsuit last month against the pharmacy benefit managers CVS Caremark, Express Scripts and OptumRx for their allegedly anticompetitive practices that ...
Big Pharmacy-Benefit Managers Increase Drug Costs, FTC Says
Jul 9, 2024 · Investigation finds firms, which are supposed to control spending, have overcharged for cancer drugs and taken other steps raising costs. The Federal Trade Commission launched its...
Are pharmacy benefit managers driving up drug prices? (Update)
Sep 25, 2024 · On Tuesday, at a Senate hearing in D.C., the head of pharmaceutical giant Novo Nordisk blamed the health insurance industry and pharmacy benefit managers, or PBMs, for allegedly making products...
FTC sues pharmacy benefit managers for inflating price of …
Sep 21, 2024 · The Federal Trade Commission said pharmacy benefit managers created a "perverse drug rebate system" that artificially inflated the cost of insulin.
Explainer: Why are US pharmacy benefit managers under fire?
Sep 20, 2024 · The U.S. Federal Trade Commission said on Friday it was suing the country's three largest pharmacy benefit managers, accusing them of abusing their power and rigging the pharmaceutical supply...