FTC Sues Prescription Drug Middlemen for Artificially Inflating …
WEB3 days ago · Today, the Federal Trade Commission brought action against the three largest prescription drug benefit managers (PBMs)—Caremark Rx, Express Scripts (ESI), and OptumRx—and their affiliated group purchasing organizations (GPOs) for engaging in anticompetitive and unfair rebating practices that have artificially inflated the list price of insulin drugs, impaired patients’ access to lower ...
High Insulin Prices Spur a Federal Lawsuit Against Three Pharmacy ...
WEB3 days ago · Pharmacy benefit managers, or PBMs, run prescription drug coverage for insurers, large employers and other clients. They set up formularies, or lists of covered drugs, and negotiate rebates off ...
The ERISA Industry Committee Calls on Congress to Close …
WEB4 days ago · Washington, D.C., September 19, 2024 – The ERISA Industry Committee (“ERIC”) today released a new issue brief, “PBM Reform: Deem PBMs a “Fiduciary” Under ERISA,” calling for Pharmacy Benefit Managers (“PBMs”) to be deemed a “fiduciary” under the Employee Retirement Income Security Act (“ERISA”).The issue brief details how today’s unregulated PBM industry can ...
How FTC's Battle With PBMs Could Reshape The Pharmaceutical ... - Forbes
WEBJul 20, 2024 · The FTC’s investigation of PBMs marks a pivotal moment in the ongoing effort to reform the healthcare industry and ensure that it serves the best interests of patients.
Lawmakers unveil PBM reform bill amid rising drug costs
WEBJul 23, 2024 · The new bill joins dozens of other bipartisan efforts on the federal and state level to reform PBMs, which negotiate rebates with drug manufacturers on behalf of insurers, large employers and ...
PBM executives threatened with fines and jail time for alleged …
WEBAug 29, 2024 · The chair of the powerful House Committee on Oversight and Accountability is threatening the leaders of the three largest pharmacy benefit managers in the country with steep fines — or jail time...
Pharmacy benefit managers profit at expense of patients and small ... - CNN
WEBJul 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...
House lawmakers slam pharmacy middlemen over sky-high drug …
WEBJul 23, 2024 · The House Committee on Oversight and Accountability heard testimony from the leaders of three pharmacy benefit managers, or PBMs, one month after the Federal Trade Commission released a scathing...
Why PBMs, or pharmacy benefit managers, are the focus of new ... - NPR
WEBJul 7, 2023 · At least nine bills introduced in Congress take aim at pharmacy benefit managers, the powerful middlemen that channel prescription drugs to patients. Here's what the fuss is all about.
How PBMs Are Driving Up Prescription Drug Costs - The New York Times
WEBJun 21, 2024 · The three largest pharmacy benefit managers, or P.B.M.s, act as middlemen overseeing prescriptions for more than 200 million Americans.
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