DePaul economist, funded by PBM trade group, testifies that PBMs produce net price competition; warns against eliminating PBMs An academic economist who said he was invited and paid by the PBM trade group PCMA testified that PBMs are the primary negotiators who secure rebates and lower net prices; he cautioned that weakening PBMs without a replacement mechanism could raise prices.

DePaul economist Tony Losaso warns that weakening pharmacy benefit managers could lead to higher drug prices, a statement that raises eyebrows given his ties to the PBM trade group PCMA.

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