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FTC chair vows thorough PBM probe as lawmakers warn rural pharmacies are closing
Summary
Chairman Andrew Ferguson said the FTC is devoting substantial resources to its Section 6(b) probe of pharmacy benefit managers, while committee members cited pharmacy closures in rural districts and urged timely, thorough reporting.
Washington — Federal Trade Commission Chairman Andrew Ferguson told House appropriators the agency is dedicating significant resources to a wide‑ranging probe of pharmacy benefit managers and will aim for a thorough final report rather than a rushed product.
“Whatever we next produce needs to be a very, very thorough accounting of all the data we have,” Ferguson said of the agency’s Section 6(b) study of PBMs. He said the FTC has taken “huge quantities of data” from PBMs and pharmacy groups and is working through it.
Why it matters: Members from rural districts described independent…
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