Drug middlemen inflate US prices, squeeze out competition, FTC says

Enlarge / Lina Khan, chair of the Federal Trade Commission (FTC), testifies before the House Appropriations Subcommittee at the Rayburn House Office Building on May 15, 2024, in Washington, DC.Getty | Kevin Dietsch

Firms that serve as intermediaries to negotiate and control prescription drug access in the US “wield enormous power,” largely with “extraordinarily opaque” business practices, and may be “inflating drug costs and squeezing Main Street pharmacies” for profit, according to a searing interim report released Tuesday by the Federal Trade Commission.

Amid a national focus on America’s uniquely astronomical drug costs, the FTC is taking aim at firms that

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