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 about their investigations of pharmacy benefit managers’ practices, saying its members want to meet with federal officials to discuss how consolidation in the PBM industry impacts patients. The state insurance commissioners also want to discuss what they view as insurers’ misleading marketing practices. The National Association of Insurance Commissioners (NAIC) wrote to DOJ and FTC May 11 asking for updates on the FTC’s...