Wyden Vows To Get PBM Reforms To WH After FTC Probe Finds Middlemen Abuse Power

By Gabrielle Wanneh / July 9, 2024 at 7:23 PM
Senate Finance Committee Chair Ron Wyden (D-OR) vowed to “go to the mat” to get pharmacy benefit manager reform legislation to the president’s desk by December after the Federal Trade Commission reported Tuesday (July 9) its two-year staff investigation found PBMs use their market power to drive up costs to consumers. The FTC’s interim findings also sparked renewed calls from drug makers and pharmacies for Congress to act on stalled PBM reforms but drew strong criticism from the PBM lobby...

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