This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

US legislators introduce bipartisan PBM break-up, drug prices bill (correct*)

( December 11, 2024, 16:25 GMT | Official Statement) -- MLex Summary:  Four US legislators — two Republicans and two Democrats — have introduced a bill that would prohibit joint ownership of pharmacy benefit managers and pharmacies, with the stated goal of cutting drug prices for consumers. Introduced by Senators Josh Hawley and Elizabeth Warren and Representatives Diana Harshbarger and Jake Auchincloss, the Patients Before Monopolies Act would "untangle" conflicts of interest by requiring healthcare conglomerates and PBMs to divest their pharmacy businesses within three years, a statement from Democrat Warren said.* The bill would also enable antitrust enforcers like the Federal Trade Commission to penalize non-compliance, disgorge revenues, award those revenues to harmed communities, and monitor both the divestitures and companies' future acquisitions, it said. *Corrected Feb. 19, 2025, at 22:41 GMT; clarifies that Harshbarger and Auchincloss are House members. Statement follows:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login