Joe Biden blames pharmacy benefit managers for high prescription drug costs. Here's why

Pharmacy Benefit Managers (PBMs) are employed by both private and government health plans to negotiate with drug manufacturers to bring down prescription costs.

Julian Zelizer : PBMs play a positive role in making prescription drugs more affordable.

He says the FTC report from Biden ’s FTC fails to convincingly substantiate his charges.

Zelizer says PBMs have saved patients an average of 18 percent on 14 leading name-brand drugs.

Ferguson has expressed at least some skepticism over the FTC ’s scathing assessments of PBMs. Ferguson should end the government’s PBM persecution once and for all. The tens of millions of Americans who save every year on prescription drugs warrant nothing less. Brian Garst is Vice President of the Center for Freedom & Prosperity Image : Pixabay .