A bipartisan coalition of 39 state and territory attorneys general sent a letter to congressional leaders urging them to pass an act prohibiting pharmacy benefit managers (PBMs) from owning or operating pharmacies.
The letter highlights the significant impact of Pharmacy Benefit Managers (PBMs) on the healthcare market. It explains how PBMs, initially intended to lower healthcare costs, have instead contributed to higher prices and reduced quality of care. The letter urges Congress to pass legislation prohibiting PBMs and their parent companies from owning or operating pharmacies to foster fair competition and protect consumers.
