The 39 attorneys generals, which includes those representing United States territories and the District of Columbia, urge Congress to pass an act prohibiting pharmacy benefit managers, their parent companies or affiliates from owning or operating pharmacies, according to a letter on April 14.
Years of acquisitions have resulted in the leading pharmacy benefit managers to be part of "massive healthcare conglomerates" that include a health insurer, pharmacies and the pharmacy benefit manager as the negotiator between the two, the FTC said.
The attorneys general said that passing such a law would "foster competition in the marketplace and give consumers more access to pharmaceutical care, more choice as to their healthcare providers, and more affordable prices."
The attorneys general' letter described pharmacy benefit managers as transforming from administrative service providers to "market-dominating behemoths" over the past few decades.
Paris Barraza is a trending reporter covering California news at The Desert Sun. Reach her at pbarraza@gannett.com .
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