Consumer News Ftc Report Says Pharmacy Benefit Managers Keep Drug Prices High

Pharmacy benefit managers keep less than 1% percent of rebates for Medicare Part D drugs, GAO says

A recent Government Accountability Office report on Part D drug expenditures and the revenue received by pharmacy benefit managers shows that while PBMs and plan sponsors are successful in helping to ... Read More

How Trump’s FTC Can Keep Drug Prices Down for Working Americans

Joseph R. Pitts served as a member of the U.S. House from Pennsylvania. He chaired the House Energy & Commerce Committee’s Subcommittee on Health. How do leading retailers like Amazon and Walmart ... Read More

Big Rebates Make High Drug Prices Look Like Savings. Here’s The Fix

NEW YORK, NEW YORK - JULY 23: Prescription drugs are displayed at NYC Discount Pharmacy in Manhattan on July 23, 2024, in New York City. In the U.S. drug market, higher list prices can paradoxically ... Read More

Cigna Unit Sells Generic Drugs at Higher Prices, Report Says

A little-known Cigna Group subsidiary that sells generic drugs charges prices that skew higher than many competing suppliers, according to a new analysis that raises questions about the company’s role ... Read More

Cigna's Evernorth to end pharmacy benefit manager drug rebates

Cigna's health services division Evernorth is ending drug rebates for all of its fully insured plan customers beginning in 2027. Instead, the discounted price negotiated between Evernorth's pharmacy ... Read More

Philadelphia sues the nation’s largest pharmacy benefit managers over the opioid crisis

Philadelphia sued the country’s three largest pharmacy benefit managers Thursday for their role in the opioid crisis, alleging that they helped to spur a wave of addiction and overdose deaths in the ... Read More