Latest News from Show Me State Times

Defense Credit Union Council to Sens. Hawley, Schmitt: 'The Credit Card Competition Act is a misnomer—it does nothing to enhance competition'

By Show-Me State Times News Service | Apr 4, 2025

The Defense Credit Union Council, which represents U.S. military credit unions, sent a letter to Missouri's U.S. Senators in opposition to proposed credit card regulations pending in the U.S. Senate.

Missouri Bankers Association one of 50 state banking associations to oppose Durbin-Marshall credit card bill

By Show-Me State Times News Service | Mar 12, 2025

The Missouri Bankers Association {MBA} is one of fifty state banking associations to oppose the "Credit Card Competition Act."

Economist: Credit card bill opposed by MO bankers ‘should really be called the Credit Card Anti-competition Act’

By Show-Me State Times News Service | Feb 14, 2025

An economist with the International Center for Law & Economics (ICLE) said that credit card regulations proposed in Congress would reduce competition among credit card issuers.

NerdWallet Editor: Opponents of credit card regulations opposed by MO bankers say regs could ‘torpedo’ credit card rewards

By Show-Me State Times News Service | Feb 5, 2025

The managing editor of a financial services website wrote that opponents of credit card regulations proposed in Congress said the regulations could “torpedo” credit card rewards programs.

FTC report cites St. Louis-based Express Scripts, Inc. in new report examining the impact of pharmacy benefit managers on prescription drug costs

By Show-Me State Times News Service | Jan 16, 2025

Federal Trade Commission (FTC) Chair Lina M. Khan said this week that a new report released by her agency shows that three pharmacy benefit managers (PBMs) have “hiked costs” for a range of prescription medications.

Payments Group ‘applauds Congress for repudiating the experimental, draconian’ credit card regs sponsored by Sen. Hawley

By Show-Me State Times News Service | Dec 24, 2024

The Electronic Payments Coalition (EPC) said this week that it "applauds Congress" for ending the 118th Congress' legislative session without passing the "Credit Card Competition Act of 2023" (CCCA), which is co-sponsored by U.S. Sen. Josh Hawley (R-Mo.)

Payments Group President: Hawley-backed credit card bill is 'crony capitalism at its worst'

By Show-Me State Times News Service | Dec 19, 2024

Richard Hunt, executive chairman of the Electronic Payments Coalition (EPC), said new credit card regulations sponsored by U.S. Sen. Josh Hawley (R-Mo.) are examples of "crony capitalism at its worst."

Urologists group urges ‘more transparent reporting and oversight’ of federal drug program utilized by 84 MO hospitals

By Show-Me State Times News Service | Dec 5, 2024

The Large Urology Group Practice Association (LUGPA) said the federal 340b drug discount program needs more “transparent reporting and oversight.”

Payments Group: Hawley-backed credit card bill ‘would force Americans’ credit cards to run on unknown, untested networks'

By Show-Me State Times News Service | Nov 4, 2024

A spokesman for the Electronic Payments Coalition (EPC) said the proposed “Credit Card Competition Act” (CCCA), co-sponsored by U.S. Sen. Josh Hawley (R-Mo.), would “force Americans’ credit cards to run on unknown, untested networks.”

Rx drug spending up 19% through federal program that includes 69 Missouri hospitals

By Show-Me State Times News Service | Jun 19, 2024

Spending on prescription drugs purchased at participating health care providers through the federal 340b drug discount program increased 19% annually between 2010 and 2021.

Missouri one of 30 states that allows copay accumulators

By Show-Me State Times News Service | May 21, 2024

Missouri is one of thirty states that allows copay accumulators.

MO Health Group: ‘Growing concern’ savings from federal drug discount program not being passed to patients

By Show-Me State Times News Service | Apr 30, 2024

The executive director of Patients Come First - Missouri (PCF-MO) said there is “growing concern” that the 340b federal drug discount program isn’t passing along drug savings Missouri patients.

Financial Researcher: Missourians could see increase in credit card fraud under Hawley's proposed credit card regulations

By Show-Me State Times News Service | Apr 25, 2024

Glenn Grossman, the director of research at financial advisory firm Cornerstone Advisors, said the pending federal “Credit Card Competition Act of 2023” (CCCA), co-sponsored by U.S. Sen. Josh Hawley (R-Mo.), could lead to an increase in credit card fraud.

Report: Missouri ranked No. 32 for per-capita credit card fraud reports in 2023

By Show-Me State Times News Service | Apr 22, 2024

Missouri ranked No. 32 in the country for per-capita credit card fraud reports in 2023.

Finance Analyst: Hawley-sponsored credit card regulations are ‘bad policy’

By Show-Me State Times News Service | Apr 16, 2024

A national monetary and financial markets analyst said that credit card regulations sponsored by U.S. Sen. Josh Hawley (R-Mo) are “bad policy” that will result in higher prices for consumers.

Health Policy Analyst: ‘Lack of transparency and accountability’ in federal program that provides drug discounts to Missouri hospitals

By Show-Me State Times News Service | Apr 10, 2024

A national healthcare policy analyst said “we don’t actually know” if drug discounts are being passed to patients by Missouri hospitals participating in a federal drug discount program.

MO Health Care Reform Group: Lack of transparency in 340b program is concerning

By Show-Me State Times News Service | Mar 26, 2024

Connie Farrow, executive director of Patients Come First-Missouri, said lack of transparency in the federal 340b health care program is a “known concern.”

Director of Patients Come First Missouri: ‘Our healthcare system doesn’t work for Missouri patients and families’

By Show-Me State Times News Service | Mar 18, 2024

Connie Farrow, the executive director of newly-formed group, Patients Come First Missouri (PCF-MO), said that the “healthcare system doesn’t work for Missouri patients and families.”

Until Missouri congressman's bill to ban ‘Quality-Adjusted Life Years’ becomes law, ‘state level action’ is needed, says national patient advocate

By Show-Me State Times News Service | Mar 5, 2024

The U.S. House recently passed Missouri U.S. Rep. Jason Smith’s (R-8) bill to ban federal health care programs from “using prices that are based on quality-adjusted life years” (QALYs), but the chair of a national patient care group said that until that bill is signed into law, a state-level bill “is needed to protect people with disabilities.”

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