Drug Pricing in the News

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Pharmaceutical Pricing—JAMA Talks With Mark Cuban

JAMA
Mark Cuban explains the importance of divestment of the biggest insurance companies, the power employers have, and why doctors are still the good guys in this video excerpt from an interview with JAMA Editor in Chief Kirsten Bibbins-Domingo.
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F.T.C. Settles With Express Scripts Over High Insulin Prices

New York Times
The FTC reached a no-fine, no-penalty settlement with Cigna’s PBM, Express Scripts. Instead, the company will implement business model changes. The lawsuit centered around Express Script’s insulin pricing and allegations of driving up prices.
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Owners of small, California pharmacies fought for PBM legislation. What now?

The Sacramento Bee
Three months after California Governor Gavin Newsom signed a new state law into effect, small pharmacies in the state are waiting to see if it has its intended effect. This law prevents PBMs from favoring their pharmacies, places parameters on a PBM’s income, and creates new provisions around penalties and violations.
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Crapo, Wyden Introduce Bipartisan Pharmacy Benefit Manager Legislation

U.S. Senate Committee on Finance
Chairman Mike Crapo (R-Idaho) and Ranking Member Ron Wyden (D-Oregon) introduced the Pharmacy Benefit Manager (PBM) Price Transparency and Accountability Act. This bill would remove compensation tied to negotiated rebates, create new Medicare reporting requirements, and require PBMs to give Medicaid payments directly to participating pharmacies, among other things.
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