--- title: Pharmacy Benefit Managers Investigated by FTC description: The Federal Trade Commission will investigate pharmacy benefit managers and examine the role they play in the U.S. pharmaceutical system. image: https://blog.nisbenefits.com/hubfs/blog-headers/pbm-b.jpg --- ![Pharmacy Benefit Managers Investigated by FTC](https://blog.nisbenefits.com/hubfs/blog-headers/pbm-b.jpg) # Pharmacy Benefit Managers Investigated by FTC - Home - [Employee Benefit News for School, City and County Employers](https://blog.nisbenefits.com) - Pharmacy Benefit Managers Investigated by FTC [ Steve Smith ](https://blog.nisbenefits.com/author/steve-smith) 06/30/2022 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) [0 Comments ](https://blog.nisbenefits.com/pharmacy-benefit-managers-investigated-by-ftc#postComment) *.5 minute read* The Federal Trade Commission (FTC) will investigate the six largest pharmacy benefit managers (PBMs) in the U.S. PBMs are the middlemen who negotiate with drugmakers for rebates and lower fees and reimburse pharmacies for prescriptions they distribute. PBMs influence which medicine most Americans receive, which pharmacies they can use, and how much they pay. The PBMs will be asked to provide information and records about their business practices. The inquiry should provide clarity on how PBMs impact pharmacies, payers, doctors, and patients and potentially direct any needed reform to help address the rising prescription drug prices. [Download the bulletin](https://blog.nisbenefits.com/hubfs/Blog%20-%20supporting%20documents/bulletin-pharmacy-benefit-managers.pdf) for more details. 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