Tomorrow a follow-up commentary will assess the lawsuit itself. Background on PBMs Recent FTC actions portray PBM practices as harmful and anticompetitive. However, there is substantial economic ...

The FTC's long-awaited report published in July was a difficult read for the PBM industry, concluding that the six largest companies in the US market operate a concentrated market structure that ...

“I’m proud that the FTC launched a bipartisan investigation into these shadowy middlemen, and its preliminary findings prove yet again that it’s time to bust up the PBM monopoly.” A US ...

FTC Chairwoman Lina Khan, with her fellow Democratic Commissioners, recently filed a suit against the leading PBMs in an effort to undermine, or even prohibit, their use of rebates to secure ...

I say this as a Republican member of Congress who is often critical of the FTC. On this point, however, we are seemingly in lockstep. The FTC’s interim report will help pull back the curtain on ...

The FTC’s essential charge is that PBMs play insulin ... Nephron Research found that rebates accounted for only 13% of PBM profits in 2022. In any case, plans have increasingly moved to point ...

Calls for PBM reform focus on transparency and addressing monopolistic practices to improve drug affordability. The FTC's action underscores the need for urgent reforms to address PBMs' anti ...

The Federal Trade Commission (FTC) on September 27, 2024 unexpectedly withdrew from a recently established Memorandum of Understanding (MOU) with ...

The PBM profit "is going to line people's pockets ... Bell's Family Pharmacy closed earlier this year. The FTC sued three of the largest PBMs — Caremark, Express Scripts, and Optum Rx, which ...

The FTC first took action in 2020 against Credit Karma, the credit-monitoring and finance app acquired in 2020 by financial software giant Intuit. The FTC accused the service of misleading ...

Nationally, criticism of PBM practices intensified over the summer with the FTC report. The PCMA pushed back, saying the report "is based on anecdotes and comments from anonymous sources and self ...