April 24, 2019

Next month, Judge Richard Leon will hear from witnesses about whether the merger of the PBM and pharmacy CVS and the health insurance company Aetna is good for consumers. While the Department of Justice approved the acquisition with only limited divestitures, Judge Leo...

April 18, 2019

Last week, the Maryland legislature concluded its 2019 session. As a part time legislature, they only meet for three or four months per year, and this results in a whirlwind of activity. But before the legislators adjourned, they passed an important bill that will lowe...

April 12, 2019

The federal judge currently considering the merger of the pharmacy and PBM CVS and the health insurance company Aetna has ordered a hearing to hear from critics of the $69 billion merger.

Judge Richard Leon of the U.S. District Court for the District of Columbia said th...

April 11, 2019

This Monday, April 8th, consumer groups submitted comments in support of the Department of Health and Human Services's proposal to lower prescription drug costs by eliminating the safe harbor rule for most rebates paid to pharmacy benefit managers (PBMs) and organizati...

April 11, 2019

It has been a busy week on Capitol Hill. On Tuesday, the Senate Finance Committee held its first ever hearing on PBMs. And yesterday, Wednesday, April 10th, the House Energy and Commerce's Investigation Subcommittee held a second hearing on the rising costs of insulin...

April 10, 2019

Pharmacy benefit managers (PBMs) wield immense power over the prescription drug supply chain and often interfere with decisions that should be between doctors and patients. In many cases, they even deny patients medicines they need because the medicines are not covered...

April 9, 2019

This morning, Tuesday, April 9th, the Senate Finance Committee held its first ever hearing on pharmacy benefit managers (PBMs) and how they contribute to higher drug costs. In a two and a half hour session, Senators asked tough questions of five PBM executives, critici...

April 8, 2019

Tomorrow, Tuesday, August 9th, at 10:15 AM, the Senate Finance Committee is holding its third hearing on rising prescription drug prices and the factors that contribute to them. It is called "Drug Pricing in America: A Prescription for Change, Part III" and will focus...

April 4, 2019

Senator Chuck Grassley (R-IA), chair of the Senate Finance Committee, and Senator Ron Wyden (D-OR), ranking member of the Finance Committee, have sent letters to the three largest pharmacy benefit managers (PBMs) demanding information and documents about how they contr...

April 3, 2019

In January, Ohio Attorney General Dave Yost announced an investigation of PBMs that contract with Ohio's state agencies to manage drug benefits. In March, he filed a lawsuit against the PBM OptumRx for overcharging the state government for generic drugs, seeking $16 mi...

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