4 papers
A Discovery Plan for Pharmacy Benefit Managers Collusion
Lawrence W. Abrams
The Federal Trade Commission has recently filed an administrative complaint against the Big 3 pharmacy benefit managers claiming they engaged in unfair conduct in violation of Sect…
A Combinatorial Auction Design for Formulary Positions
Lawrence W. Abrams
The purpose of this paper is to apply the economics field of market design to develop a simple algebraic and graphic model of a combinatorial auction for formulary position assignm…
A Pharmacy Benefit Manager Insurance Business Model
Lawrence W. Abrams
It is time to move on from attempts to make the pharmacy benefit manager (PBM) reseller business model more transparent. Time and time again the Big 3 PBMs have developed opaque al…
The Market Design for Formulary Positions
Lawrence W. Abrams
The exchange of rebates for formulary positions is conceptualized as a multi-round combinatorial position auction. This paper develops a linear assignment model of the winners' det…