Pharmacy benefit managers hiked prescription drug costs by over 1,000%, according to a new FTC report

The Federal Trade Commission released a report Tuesday that found that pharmacy benefit managers have hiked the costs of many important prescription drugs by over 1,000% .

The report found that more than one in five “specialty drugs” dispensed by pharmacies affiliated with PBMs were marked up by over 100-1,000% . The “Big 3 ” PBMs control between 60-80% of the prescriptions in the U.S ..