John Roberti participated as moderator of the panel titled "Past, Present and Future Regulation of PBMs" at the American Bar Association's Antitrust in Healthcare Conference, on June 4, 2024.

When Pharmacy Benefit Managers first entered, they were praised for negotiating with manufacturers and driving down prices. The FTC advocated against regulation and a number of mergers involving PBMs were cleared. In 2023, things changed. Legislation to regulate PBMs was introduced in both Congress and state legislatures. The FTC withdrew prior policy statements involving PBMs. State AGs filed lawsuits. And several antitrust class actions were brought. The panel discussed the evolution of PBMs in the health competition landscape, including what the future may bring.