As the 119th Congress convenes, policymakers have a historic opportunity to lower prescription drug prices for Americans. As ...

Sen. James Lankford has been trying to pass legislation in response to an industry he believes will leave small towns without ...

Pharmacy benefit managers are the middlemen in the prescription drug market. The Federal Trade Commission reports the revenue of four PBMs exceeds $1 trillion and they control 86% of the market.

Cigna's Evernorth Health Services said on Wednesday its actions will enhance transparency about the company's negotiations.

A bill that aims to increase pharmacy benefit managers’ transparency by requiring them to report data to the agency that ...

Pharmacy benefit management giant Express Scripts unveiled several steps it's taking to boost transparency and mitigate high ...

The industry says it keeps down the cost of prescription drugs, but critics say it's profiting at the expense of patients.

Two health care advocates say Congress should closely regulate pharmacy benefit managers, who work between health plans and drug manufacturers to negotiate discounts on medications. File photo ...

Health care advocates are supporting legislation to protect access to a federal discount drug program considered critical to community health centers and programs that serve rural and underserved ...

Pharmacy benefits managers act as intermediaries between health plans, drug manufacturers and pharmacies, but their lack of transparency has raised concerns. PBMs retain rebates and discounts from ...