FTC Downplaying Previous Concerns With Mandatory PBM Transparency

The commission aims to undercut large PBMs' use of its previously stated concerns as support for their lobbying against state and federal industry reforms, but the PBM trade association remains undeterred by the action.

WASHINGTON, DC - SEPTEMBER 28, 2013: Federal Trade Commission Building in Washington, DC.
The FTC wants a Clean Slate On PBM Transparency Policy. • Source: Shutterstock

The Federal Trade Commission doesn’t want to hinder state and federal government efforts to reform pharmacy benefit managers as it continues its investigation of possible anti-competitive business practices in the industry.

Key Takeaways
  • The FTC is backing away from past policy statements expressing concern with mandatory PBM disclosures.

With that in mind, the commission unanimously adopted a position statement 20 July that “cautions against reliance on certain...

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