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Lawmakers Demand FTC Report on PBMs' Costly Abuses

1/15/2025

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Summary

Story summary

Senators Josh Hawley and Elizabeth Warren, alongside Representatives Harshbarger and Auchincloss, are pressing the FTC to unveil a crucial interim report on pharmacy benefit managers (PBMs) ahead of the January 14, 2025 meeting. This report could expose alarming abuses by PBMs, who dominate 95% of U.S. prescriptions, driving up costs for patients and pharmacies alike.

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Story summary

Senators Josh Hawley and Elizabeth Warren, alongside Representatives Harshbarger and Auchincloss, are pressing the FTC to unveil a crucial interim report on pharmacy benefit managers (PBMs) ahead of the January 14, 2025 meeting. This report could expose alarming abuses by PBMs, who dominate 95% of U.S. prescriptions, driving up costs for patients and pharmacies alike.