Code Wack - How pharmaceutical profiteers are screwing us over

Progressive Voices

This time on Code WACK! So you might have heard the term pharmacy benefit managers – or PBMs – in the news. But what are they? How did these middlemen get to be so powerful? How are they causing drug prices to skyrocket? And what’s the Federal Trade Commission doing about it? To find out, we recently interviewed Hannah Garden-Monheit, the FTC’s director of the Office of Policy Planning. Prior to joining the FTC, Garden-Monheit worked at the National Economic Council (NEC), where she served as Special Assistant to the President for Economic Policy and Director for Competition Council Policy. At the NEC, she was extensively involved in shaping the President’s Executive Order on Promoting Competition in the American Economy, and much more. This is the first episode in a two part series.