The mentor and the protégé -- The big bet -- The playbook -- The rookies -- The ecosystem -- The salesman -- The program -- The stand-off -- The performer -- The spiel -- The whistleblower -- The whales -- An interloper -- 'Let's get a few more' -- Fall guy -- 'It's going down' -- The pyramid...

Proposed "delinking" legislation would prohibit Pharmacy Benefit Managers (PBMs) from being remunerated based on the rebates and discounts they negotiate for drug insurance plans serving Medicare beneficiaries. This policy would significantly change drug pricing and utilization and shift...

This paper provides the first quantitative economic models of pharmacy benefit management regulation. The price-theoretic models allow for various market frictions and imperfections including market power, coordination costs, tax distortions, and incomplete innovation incentives. A rigorous...

This paper provides the first quantitative economic models of pharmacy benefit management regulation. The price-theoretic models allow for various market frictions and imperfections including market power, coordination costs, tax distortions, and incomplete innovation incentives. A rigorous...