House Republicans have launched an investigation into CVS Caremark for potential antitrust violations, according to a letter from the House Judiciary Committee. A bipartisan coalition aims to force healthcare companies to divest from their pharmacy businesses, according to the lawmakers.
Sen. Elizabeth Warren (D-MA.) stated that pharmacy benefit manager (PBM) have manipulated the market by hiking drug costs and cheating employers.
The FTC criticized PBMs for profiting by inflating drug costs and harming small pharmacies, highlighting their powerful role.
