FTC Pharmacy Deal Shows Joint Bargaining Needs Justification

Law360, New York (August 21, 2012, 10:19 PM EDT) -- The Federal Trade Commission ordered a Puerto Rican pharmacy cooperative Tuesday to stop negotiating prices on behalf of its more than 300 members as part of an antitrust settlement, in a case attorneys say underscores the need for provider groups looking to pursue joint bargaining to make sure patients benefit from the cooperation.

The Cooperativa de Farmacias Puertorriquenas, or Coopharma, agreed to a 20-year consent decree to resolve the FTC's concerns that it was illegally collectively negotiating contracts with more than 10 payors on behalf of...
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