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Pharmacy benefit managers inflated drug prices by $7.3B
US FTC finds major pharmacy benefit managers inflated drug prices for $7.3 billion gain
The nation's three largest pharmacy benefit managers have significantly marked up the prices of certain medicines, including for heart disease, cancer and HIV, at their affiliated pharmacies, the U.S.
Largest Pharmacy-Benefit Managers Hiked Up Drug Prices, FTC Says
The largest pharmacy-benefit managers hiked the prices of dozens of drugs dispensed through their own pharmacies, according to a new report by the Federal Trade Commission released on Tuesday.The markups helped the PBMs reap $7.
FTC report shows $7.3 billion in drug price inflation by leading pharmacy benefit managers
From 2017 to 2022, the companies marked up prices at their pharmacies by hundreds or thousands of percent, netting them $7.3 billion in revenue.
Pharmacy Benefit Managers Not Thrilled With FTC Report Finding Pharmacy Benefit Managers Raise Drug Prices
The pressure against pharmacy benefit managers (PBMs) continues to build. On Tuesday, the Federal Trade Commission released its second interim staff report on prescription drug middlemen. The report examines the impact of PBMs (specifically CVS Caremark,
FTC says Minnesota-based Optum, et al., inflate cancer drug prices 1,000%
Optum RX, CVS Caremark and Express Scripts are marking up drugs that treat cancer and multiple sclerosis by more than 1,000-percent.
9d
on MSN
Most online pharmacies are run illegally and could be selling dangerous or ineffective drugs, U.S. warns
Ninety-six percent of online pharmacies were found to violate the law, meaning they were operating without a license and ...
McKnight's Long-Term Care News
20h
Coalition: Medicare drug price reform puts long-term care pharmacy services at risk
A new wave of Medicare drug price negotiations could severely affect pharmacy services for seniors in long-term care facilities, according to the Senior Care Pharmacy Coalition (SCPC). The Biden ...
Health Affairs
12d
What Makes A Drug Special?: Understanding PBMs’ Pharmacy Definitions
With multiple stakeholders involved with different interests, the “specialty drug” definition can be a moving target.
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