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This bill matters because many Americans are concerned about the high cost of prescription drugs and whether they are getting a fair deal. Currently, the process of how drug prices are set and how profits are distributed among manufacturers, distributors, and pharmacy benefit managers can be complex and opaque. If this bill becomes law, it could shed light on whether certain business practices by powerful middlemen in the drug supply chain are driving up costs or limiting competition.
The findings and policy recommendations from the FTC's study could provide Congress with the information needed to create new laws or strengthen existing ones. Without this bill, these specific questions about PBM practices and broader supply chain competition might remain unexamined in a comprehensive, government-mandated report. This bill aims to be a crucial step towards understanding and potentially reforming the drug pricing system, which could lead to real changes in what consumers pay at the pharmacy counter.
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This bill matters because many Americans are concerned about the high cost of prescription drugs and whether they are getting a fair deal. Currently, the process of how drug prices are set and how profits are distributed among manufacturers, distributors, and pharmacy benefit managers can be complex and opaque. If this bill becomes law, it could shed light on whether certain business practices by powerful middlemen in the drug supply chain are driving up costs or limiting competition.
The findings and policy recommendations from the FTC's study could provide Congress with the information needed to create new laws or strengthen existing ones. Without this bill, these specific questions about PBM practices and broader supply chain competition might remain unexamined in a comprehensive, government-mandated report. This bill aims to be a crucial step towards understanding and potentially reforming the drug pricing system, which could lead to real changes in what consumers pay at the pharmacy counter.
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