An interim report from the Federal Trade Commission claims Pharmacy Benefit Managers are putting the squeeze on small independent pharmacies. The same report claims people are paying more for meds and rural areas are losing access to care due to these large medical companies.
An interim report from the Federal Trade Commission claims Pharmacy Benefit Managers are putting the squeeze on small independent pharmacies. The same report claims people are paying more for meds and rural areas are losing access to care due to these large medical companies.The big three PBMs are CVS Caremark, Express Scripts, and Optum RX. Those three command about 80% of prescriptions in the US.
In a recent report the FTC claims PBMs are imposing unfair contracts that are putting mom-and-pop pharmacies out of business. "These pharmacies are getting killed by the PBMs," said FTC spokesman Douglas Farrar. "Over the last decade, 10% of all independent pharmacies across the country have closed. That leaves, essentially, medical deserts in urban and rural parts of America."PBMs say the opposite is true, and that they negotiate to create lower costs for consumers.
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