Consumers in Maryland are facing rapidly rising prices at the pharmacy counter, but drug makers’ prices have roughly kept pace with inflation over the last few years. What gives? It turns out that pharmacy benefit managers (PBMs), a very small number of largely unregulated companies that administer the drug plans of more than 230 million […]
If you’ve never heard of pharmacy benefits managers (PBMs), that’s the way they like it. While they administer drug plans for more than 230 million Americans, PBMs thrive on secrecy and a lack of transparency. Yet PBMs’ shady business practices deeply impact the lives of Marylanders by pushing up drug prices and limiting access to […]
Pharmacy Benefit Managers (PBMs) administer prescription drug plans for sponsors (e.g., employers and insurers), negotiate drug prices with manufacturers, and negotiate reimbursement terms with pharmacies. This ConsumerGram analyzes the structure, conduct and performance of the industry and finds that the lack of transparency in costs and prices leads to anticompetitive risks. The result can mean […]
Maryland residents have benefitted dramatically from smart, balanced freight rail regulations. This has made goods cheaper, created jobs and helped major economic hubs like the Port of Baltimore thrive. As activity increases at Maryland’s ports, it is vital for the state’s economy and consumers that the right rules are in place that will help freight […]
Today, a coalition of organizations sent a letter to Maryland Governor Hogan objecting to a bill that gives the State’s Attorney General additional authority over competitive generic drug pricing — drugs that are typically 80% lower than their name brand counterparts. The letter is signed by American Consumer Institute, Consumer Action for a Strong Economy, FreedomWorks, Frontiers of Freedom, Independent Women’s […]
Senator Thomas M. Middleton, Chair Senator John C. Astle, Vice-Chair Senator Joanne C. Benson Senator Brian J. Feldman Senator Stephen S. Hershey, Jr. Senator J. B. Jennings Senator Katherine A. Klausmeier Senator James N. Mathias, Jr. Senator Nathaniel T. Oaks Senator Edward R. Reilly Senator James C. Rosapepe Dear Senators: The American Consumer Institute, a nonprofit educational […]
ACI’s Alan Daley and Steve Pociask wrote a piece on the Prince George’s County cellular phone service tax proposal. If these end-user taxes are enacted, it will make the county the second highest cell tax jurisdiction in the country at a whopping 26%. To read the piece, visit The Gazette.