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Legislation would restrict ‘spread pricing’ on meds

While prescription drug costs have been steadily increasing, the reimbursements paid to the pharmacies have been decreasing. The math isn’t adding up. But this contradiction is...
THE FEDERAL TRADE COMMISSION said in its report “Pharmacy Benefit Managers: The Powerful Middlemen Inflating Drug Costs and Squeezing Main Street Pharmacies” that PBMs “wield enormous power over patients’ ability to access and afford their prescription drugs, allowing PBMs to significantly influence what drugs are available and at what price.” / AP FILE PHOTO/CHRIS CARLSON

FTC criticizes ‘enormous power’ of pharmacy benefit managers in scathing report

PROVIDENCE – Drug middlemen are hurting small, independent pharmacies while reaping huge profits by inflating drug prices, according to a Federal Trade Commission staff...

CVS launches new pharmacy reimbursement model

PROVIDENCE – CVS Health Corp. on Monday announced a new pharmacy reimbursement model it says will bring more transparency to its drug-pricing system and...
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