How To Lower Insulin Prices? Focus on the Middleman.
Millions of Americans depend on insulin. And due to price hikes, over 1 million of them have had to ration the drug. That's an outrage....
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News
Jul 5, 2023
Sen. Bill Cassidy: Smart, practical ways to lower drug prices
In the 1952 Oscar-winning movie “High Noon,” Gary Cooper’s face was tense and pained as he single-handedly faced a gang of killers. The...
Jun 22, 2023
Sen. Grassley calls on GOP leaders to rally support for PBM reforms
Republican Sen. Chuck Grassley wants to see his party’s leadership turn up the pressure on pharmacy benefit managers. “They talk in such...
Jun 22, 2023
CAPITO, COLLEAGUES INTRODUCE BILL TO LOWER DRUG COSTS, HOLD MASSIVE PBM CORPORATIONS ACCOUNTABLE
Senators’ Protect Patient Access to Pharmacies Act brings accountability to PBMs, protect patients and small businesses In an effort to...
Jun 21, 2023
Drug middlemen catch flak at another congressional hearing
Drug middlemen once again were on the hot seat at a congressional hearing on Wednesday. The hearing by the House Education and Workforce...
Jun 21, 2023
To Reign in Healthcare Costs, Congress Needs to Keep the Heat on PBMs
The 118th Congress is off to a great start in shining a light on the harmful practices of pharmacy benefit managers (PBMs) and the...
Jun 15, 2023
Titans for PBM Reform: Loretta Boesing & Antonio Ciaccia | PBM Reform
House Energy and Commerce Committee cleared a PBM bill that seems to contain more transparency loopholes and makes more limited policy...
Jun 15, 2023
Marshall, Menendez, Blackburn, Wyden, Crapo, & Tester Introduce Bipartisan Legislation to Reform PBM
Today, U.S. Senator Roger Marshall (R-KS) joined Senators Bob Menendez (D-NJ) and Marsha Blackburn (R-TN), Senate Finance Chairman Ron...
Jun 8, 2023
FTC Further Expands Inquiry Into Prescription Drug Middlemen Industry Practices
Agency issues order to additional GPO as it examines the impact of vertically integrated PBMs on prescription drug prices and access As...
Jun 6, 2023
Even Mark Cuban Can’t Fix This Broken Drug System
After starting with generic drugs, Mark Cuban is coming for a blockbuster. Starting in July, a biosimilar version of the world’s...
May 31, 2023
State Insurance Commissioners Seek Meeting With FTC On PBMs
The group representing state insurance commissioners is seeking information from the Justice Department and Federal Trade Commission...
May 24, 2023
Five (or Maybe Six?) Reasons that the Largest PBMs Operate Group Purchasing Organizations
In The Top Pharmacy Benefit Managers of 2022: Market Share and Trends for the Biggest Companies, I shared Drug Channels Institute's...
May 23, 2023
US Officials Probe a New Layer in Opaque Drug Pricing, Supply System
US authorities are looking into new groups that were formed to negotiate drug discounts but may actually be further obscuring how much...
May 23, 2023
The Top Pharmacy Benefit Managers of 2022: Market Share and Trends for the Biggest Companies
In 2022, the PBM market remained highly consolidated—although there were some intriguing share shifts among the largest players. Below,...
May 17, 2023
The Mysteries of Making Savings a Reality at the Pharmacy Counter
One way or another, it looks like the drug supply chain middlemen known as pharmacy benefit managers, or PBMs, are going to be pulled out...
May 16, 2023
PBGH: What employers want to see as Congress aims to reform PBMs
A key Senate committee last week advanced a bill that includes a number of significant reforms to pharmacy benefit managers, including a...
May 15, 2023
Report: “Specialty” drugs are by far the most expensive, but classification seems arbitrary
The prescriptions with the most eye-popping price tags — like cancer meds that can cost more than $20,000 a month — are usually...
May 12, 2023
PBMs, the Brokers Who Control Drug Prices, Finally Get Washington’s Attention
For two decades, patients and physicians eagerly awaited a lower-cost version of the world’s bestselling drug, Humira, while its maker,...
May 11, 2023
Senate panel advances bill that would ban spread pricing
Despite pushback from Republicans, a key Senate committee has advanced a bill that aims to reform pharmacy benefit managers, including a...
May 10, 2023
PBM Accountability Project Statement on H.R. 2880
The Protecting Patients Against PBM Abuses Act will bring meaningful reforms to help lower out-of-pocket costs for prescription drugs...
May 3, 2023
PBM Accountability Project and More Than 40 Stakeholder Organizations Urge Meaningful Action on PBMs
Leading Patient, Provider, Pharmacy, Labor, Anti-Monopoly and Employer Groups Seek Congressional Reforms to Require PBM Transparency,...
May 1, 2023
Commerce fines CVS Caremark $500,000 after 2022 case alleging violations of Pharmacy Benefit Manager
The Minnesota Department of Commerce today announced it has levied a $500,000 penalty against Caremark after alleging that Caremark...
Apr 27, 2023
PBM Accountability Project Statement on House Subcommittee Hearing to Lower Healthcare Costs
The House Energy and Commerce Committee Subcommittee on Health this week held a legislative hearing entitled, “Lowering Unaffordable...
Apr 20, 2023
Statement on Senate Finance Committee Proposed Bipartisan Policy Solutions
The Senate Finance Committee announced a set of proposed policy solutions to address challenges in the prescription drug supply chain,...
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