The Senate’s confirmation of Alvaro Bedoya on Wednesday will end a 2-2 partisan deadlock that kept many of FTC Chair Lina Khan’s priorities on ice since October
that are intended to trick consumers into signing up for something online — to gain more subscriptions for its Prime service. Since taking over as chair, Khanthat separate competition and consumer protection investigations.
“It stunned me,” Biden said, “when I realized how many people out there with no special insight to having access to patents or anything else had to sign a non-compete clause — people making hourly wages.”holding a workshop in January 2020 The highly concentrated PBM industry is a frequent target for lawmakers, patient groups and independent pharmacies who accuse the industry of contributing to high drug prices. The top three PBMs — CVS Caremark, Express Scripts and OptumRX — represent nearly 80 percent of the market and are either owned by or own insurance companies. The trio also represents three of the four largest U.S. pharmacies by prescription drug revenue.
The FTC’s research authority allows it to subpoena companies for documents — information that can later be used in a lawsuit challenging conduct by the PBMs.With Congress stalled on consumer privacy legislation, the FTC has been laying the groundwork to move forward with rules for businesses on data privacy and security.
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