If passed into law, this act would transform PBMs from hard-bargaining negotiators into micromanaged administrators and weaken the tools they use to discipline drug prices. Targeting PBMs is easier than confronting the suppliers who ultimately set prices. But in markets where prices are negotiated, weakening the intermediary often strengthens the firms on the other side of the table. Here’s how we got here.
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The US and Israel launched airstrikes on Iran over the weekend and the conflict has led to airspace closures and widespread flight cancellations across parts of the Gulf, disrupting a key transit hub.