Middlemen appear to be driving up drug prices in U.S.: FTC


By Xia Lin
  • World
  • Wednesday, 10 Jul 2024

NEW YORK, July 9 (Xinhua) -- The U.S. Federal Trade Commission (FTC) on Tuesday sharply jabbed pharmacy benefit managers, saying in a 71-page report that "these powerful middlemen may be profiting by inflating drug costs and squeezing Main Street pharmacies."

The FTC's report detailed an array of ways that benefit managers appeared to be inflating the cost of prescription drugs. For example, it pointed to an important line of business -- the companies' affiliated pharmacies, including warehouse-based operations that send prescriptions through the mail to patients.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Half of all Sudanese children not in education due to civil war, says aid group
Death toll from Spanish fatal train crash rises to 45
Austrian ex-intelligence accused of spying for Russia goes on trial
Chinese embassy donates dignity kits to support women in South Sudan
US envoy calls for Syria truce to be upheld
Germany expels Russian diplomat over espionage accusations
Freezers full of seal meat: How Greenland's hunting culture helps emergency preparedness
Mozambique counts 13 dead in floods so far but toll expected to rise
Elizabeth Hurley tells UK court she endured 'brutal invasion of privacy'
Factbox-The Kurdish struggle for rights and land

Others Also Read