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In the News | NEWS RELEASE: OptumRx and Walgreens Sued Over the Death of Twenty-Two-Year-Old Who Couldn’t Afford His Asthma Medication
For further information or an interview or a copy of the complaint, contact Michael Trunk at michael.trunk@klinespecter.com . APPLETON,...
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Jan 212 min read
Press Release | Arkansas’ New Bill to Ban PBM-Owned Pharmacies From Operating In State is “A Win” for Patients and Local Pharmacists
FOR IMMEDIATE RELEASE January 16, 2025 LITTLE ROCK, AR – In a bold move to enhance patient care and support local pharmacies, lawmakers in Arkansas have introduced a new bill aimed at banning pharmacies owned by the largest, vertically integrated pharmacy benefit managers (PBMs) from operating in the state. HB1150 is designed to improve patient access to medications, and ensure the sustainability of the state’s independent pharmacies, many operating in small or rural communit
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Jan 162 min read
In the News | How a Duty To Spend Wisely on Worker Benefits Could Loosen PBMs’ Grip on Drug Prices
KFF Health News Reporter: Arthur Allen Ann Lewandowski knows all about pharmacy benefit managers, or PBMs, the companies that shape the...
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Dec 19, 20244 min read
In The News | Justice Department antitrust division looking at health care conglomerates, pharmacy drug middlemen
Ohio Capital Journal reporter: Marty Schladen Huge health conglomerates have another reason to worry that their business model might be disrupted. On a visit to Columbus Monday, one of the country’s top antitrust watchdogs said her agency is taking a hard look at the businesses and their practices. Doha Mekki, the No. 2 official in the U.S. Justice Department’s Antitrust Division, said her agency is investigating whether it should take action in the health care space generall
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Oct 31, 20242 min read
In The News | Weatherford pharmacist joins lawmakers, peers from six states supporting bill at U.S. Capitol
Weatherford Democrat Reporter: Glenn Evans gevans@weatherforddemocrat.com A Weatherford pharmacist joined members of Congress and her peers from six states in Washington on Friday to raise support for a bill to rein in the pricing power of Pharmacy Benefit Managers. “Our country is facing an epidemic of pharmacy closures,” Brandi Chane, owner of Davis City Pharmacy on the courthouse square, said at a press conference below the Capitol dome. She and the others were there to ra
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Oct 1, 20242 min read
Federal Trade Commission sues largest drug middlemen for allegedly inflating insulin prices
CNN Reporter: Tami Luhby , CNN The Federal Trade Commission took action Friday against the nation’s three largest pharmacy benefit...
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Sep 25, 20242 min read
Pharmacy Benefit Managers Are Killing Indie Pharmacies and Limiting Patient Choice
TheBody Reporter: Tim Murphy I had a shocking revelation recently. For several years here in my New York neighborhood in Queens, I’ve...
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Sep 19, 20245 min read
Rally outside Optum HQ spotlights debate over pharmacy benefits managers
Minnesota Star Tribune Reporter: Christopher Snowbeck Critics of the pharmacy benefit manager (PBM) industry protested Friday outside the...
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Sep 17, 20242 min read
Higher Drug Costs, Less Choice: How PBMs Affect Everyday Americans’ Healthcare
Forbes Forbes Contributor: Rita Numerof The nation’s attention remains fixed on pharmacy benefit managers. Following a series of House...
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Aug 30, 20242 min read
TRICARE becomes part of fight over pharmacy benefit managers
Independent pharmacies leave military health insurance program over low reimbursement rates Roll Call TRICARE is coming under fire for...
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Aug 29, 20242 min read
A PBM Oligopoly: Three Companies Control 80% Of US Prescriptions – How Can We Fix It?
Forbes After two years of research, the Federal Trade Commission's recent interim report on Pharmacy Benefit Managers has...
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Jul 31, 20244 min read
States Keep Legal Pressure on PBMs Ahead of Potential FTC Suit
State AGs are forging ahead with price-fixing lawsuits FTC appears poised to file its own lawsuit against PBMs Bloomberg Law States are...
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Jul 29, 20244 min read
Drug middlemen say Pharma sets prices. Then why do middlemen have hundreds for the same drug?
Ohio Capital Journal Pharmacy middlemen known as pharmacy benefit managers deny claims that they’re responsible for the inflating cost of...
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Jul 27, 20243 min read
CVS Caremark agrees to $45M settlement with Illinois: report
Modern Healthcare CVS's in-house middleman for dispensing prescription drugs will pay at least $45 million in a settlement with the state...
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Jul 26, 20242 min read
PUTT Statement in Support of FTC Chair Lina Khan
July 25, 2024 Chairwoman Lina Khan is the embodiment of the FTC's mission to protect the public from anticompetitive and deceptive business practices, and unfair methods of competition. She is a champion of patients and healthcare professionals against abusive and monopolistic control of the healthcare system. PUTT supports Chair Khan, DOJ Assistant Attorney General Jonathan Kanter, and the FTC Commissioners in continuing to investigate violations by the largest pharmacy bene
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Jul 24, 20241 min read
Lawmakers introduce bipartisan bill aiming to crack down on drug middlemen as scrutiny ramps up
Bipartisan lawmakers introduced a new bill that aims to crack down on the business practices of drug supply chain middlemen who allegedly...
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Jul 23, 20244 min read
Pharmacy middlemen claim to keep prescription prices low. In fact, they’ve cost consumers billions
Los Angeles Times In 2022, an executive of a big pharmacy middleman firm acknowledged the noxious reality of its business model: It was...
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Jul 17, 20247 min read
Insurers, employers see payoffs switching to smaller PBMs
Modern Healthcare Smaller pharmacy benefit managers may be having more than a moment as some health insurers and employers show the major...
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Jul 13, 20244 min read
FTC plans to sue top 3 PBMs over insulin prices: WSJ
Yahoo Finance The Federal Trade Commission (FTC) is looking to take legal action against the three largest pharmacy benefit managers...
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Jul 12, 20243 min read
Medicare Advantage and Consolidation’s New Frontier — The Danger of UnitedHealthcare for All
The New England Journal of Medicine To download a PDF of this article, click here UnitedHealth Group has recently come under fire. In...
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Jul 11, 20246 min read
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