FTC’s Lina Khan and Mark Cuban headline White House listening session to rail against PBMs

The White House on Mon­day held a round­table on phar­ma­cy ben­e­fit man­agers fea­tur­ing FTC Chair Lina Khan, bil­lion­aire en­tre­pre­neur Mark Cuban and Ken­tucky Gov. Andy Beshear, as the Biden ad­min­is­tra­tion looks to keep up pres­sure on pa­tients’ drug costs and PBMs.

The meet­ing was an op­por­tu­ni­ty for at­ten­dees to push for leg­is­la­tion that Sen­ate Fi­nance com­mit­tee chair Ron Wyden (D-OR) said yes­ter­day may not make it across the fin­ish line un­til af­ter the elec­tion next No­vem­ber. The leg­is­la­tion would make changes to how PBMs op­er­ate and in­crease trans­paren­cy. But that bi­par­ti­san ef­fort failed to make it in­to a spend­ing pack­age ex­pect­ed to soon make its way to Pres­i­dent Joe Biden’s desk.

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