Letter to FTC Requesting Review of PBM Mergers
“For over a decade, there has been a significant amount of consolidation in the PBM industry. In 2016, the three largest PBMs—CVS Health Corporation/CVS Caremark, Express Scripts Holding Company, and UnitedHealthcare/Optum Rx—accounted for about 70 percent of market revenues, with the two largest PBMs accounting for nearly 52 percent of market revenues. All three of these PBMs have participated in mergers."
To read a copy of the letter, click here.
To read a copy of the FTC's response, click here.