PBM Reform

Parents Sue After Son’s Asthma Death Following Inhaler Price Surge

The death of 22-year-old Cole Schmidtknecht highlights a critical flaw in the US healthcare system. His asthma medication, Advair Diskus, experienced a drastic price increase due to Pharmacy Benefit Managers (PBMs) manipulating formularies to maximize profits. This resulted in Cole lacking preventative medication, leading to a fatal asthma attack. His parents are now suing OptumRx and Walgreens, advocating for legislation requiring advanced notice of formulary changes and increased transparency within the PBM system. The Schmidtknechts’ tragedy underscores the urgent need for reform to prevent similar preventable deaths.

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AOC Blasts Musk: Pharma Reform Blocked by Billionaire’s Tweet

Representative Alexandria Ocasio-Cortez criticized Republicans for abandoning bipartisan-supported pharmacy benefit manager (PBM) reforms due to Elon Musk’s online intervention. Musk’s tweets, despite his later admission of unfamiliarity with PBMs, caused the bill’s collapse, preventing potential savings on prescription drugs. This incident highlights the undue influence of billionaires on political decisions and the need for accountability to constituents rather than social media. Ocasio-Cortez urged Republicans to prioritize the needs of the American people and pass the reforms.

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