Pharmacy Benefit Managers (PBMs)

FTC Releases Second Report Slamming Pharmacy Benefit Managers

The Federal Trade Commission has released its second report digging into how the business practices of pharmacy benefit managers could be inflating drug costs in the U.S., in the latest and likely last salvo between antitrust regulators in the Biden administration and the controversial middlemen in the drug supply chain. The report accuses CVS’ Caremark, […]

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ProxsysRx Announces Strategic Combination with Maxor National Pharmacy Services

Birmingham’s ProxsysRx has agreed to a strategic combination with Maxor National Pharmacy Services (“Maxor”), positioning the combined entity as the largest independent provider of pharmacy management services to health systems, hospitals, clinics, and other provider organizations. “I’m incredibly excited about this new chapter with Maxor,” said George Salem, CEO of ProxsysRx. “Our organizations have a

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Where Smaller PBMs Are Headed This Year

Although the pharmacy benefit manager market has long been controlled by three large, established players, many smaller PBMs are seeing a spike in interest. But the newer entrants will continue to face stiff competition this year as they seek more business. Smaller PBMs that advertise themselves as transparent have gained traction over the last few

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2025 Outlook: Alternative PBMs Look to Heap Pressure on Industry Titans

Pharmacy benefit managers were under the microscope from the Federal Trade Commission (FTC), lawmakers and states in 2024. But outside of potential inclusions in an end-of-the-year health package on the Hill, the traditional “Big 3” PBMs managed to escape the toughest reforms. Business practices by Optum Rx, Express Scripts and CVS Caremark could change, should

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