{"license":"https://creativecommons.org/licenses/by/4.0/","dataset":"atlas","updatedThrough":"2026-08-15","guardrail":"The atlas exposes only relationships declared in the current public data. A link or issue grouping does not make unlike measures comparable, establish ownership or control, define an antitrust market, assign liability, or show that a policy event caused an economic outcome.","filters":{"depth":2,"edgeType":"all","edgeTypeMatched":true,"focus":"source:ftc-caremark-settlement-2026","focusMatched":true,"kind":"all","kindMatched":true,"layer":"all","layerMatched":true,"query":"","view":"network"},"summary":{"nodeCount":5478,"edgeCount":19193,"sourceCount":45,"profileCount":5433,"nodeKindCount":13,"layerCount":4,"eligibleEdgeCount":19193,"matchedNodeCount":5,"plottedEdgeCount":4,"plottedNodeCount":5,"hiddenNodeCount":0,"directNeighborCount":1},"focusNode":{"id":"source:ftc-caremark-settlement-2026","kind":"source","label":"FTC Secures Major Settlement with Caremark Resolving Antitrust Case Against Second Drug Middleman","shortLabel":"Federal Trade Commission","description":"FTC announcement and proposed consent-order record resolving the administrative action against Caremark and Zinc Health Services.","href":"/sources/ftc-caremark-settlement-2026","metricLabel":"Access date","metricValue":"2026-07-20","detail":"Federal Trade Commission","status":"agency report","year":2026,"color":"#64748b","searchText":"ftc-caremark-settlement-2026 ftc secures major settlement with caremark resolving antitrust case against second drug middleman federal trade commission ftc announcement and proposed consent-order record resolving the administrative action against caremark and zinc health services. federal trade commission, ftc secures major settlement with caremark resolving antitrust case against second drug middleman, july 14 2026. agency_report","connectionCount":1},"nodes":[{"id":"source:ftc-caremark-settlement-2026","kind":"source","label":"FTC Secures Major Settlement with Caremark Resolving Antitrust Case Against Second Drug Middleman","shortLabel":"Federal Trade Commission","description":"FTC announcement and proposed consent-order record resolving the administrative action against Caremark and Zinc Health Services.","href":"/sources/ftc-caremark-settlement-2026","metricLabel":"Access date","metricValue":"2026-07-20","detail":"Federal Trade Commission","status":"agency report","year":2026,"color":"#64748b","searchText":"ftc-caremark-settlement-2026 ftc secures major settlement with caremark resolving antitrust case against second drug middleman federal trade commission ftc announcement and proposed consent-order record resolving the administrative action against caremark and zinc health services. federal trade commission, ftc secures major settlement with caremark resolving antitrust case against second drug middleman, july 14 2026. agency_report","connectionCount":1,"distance":0,"labelVisible":true,"radius":20,"x":450,"y":260},{"id":"policy_record:evt-pbm-caremark-settlement-2026","kind":"policy_record","label":"FTC announces proposed consent agreement with Caremark","shortLabel":"FTC announces proposed c...","description":"The FTC announced a proposed consent agreement with Caremark and Zinc Health Services addressing formulary design, point-of-sale rebates, fee structures, plan-sponsor transparency, community-pharmacy reimbursement, and access to pharmacy hub services.","href":"/enforcement/records/pbm-caremark-settlement-2026","metricLabel":"Official stage","metricValue":"remedy","detail":"Federal Trade Commission / 2026-07-14","status":"settlement","year":2026,"color":"#f43f5e","searchText":"evt-pbm-caremark-settlement-2026 ftc announces proposed consent agreement with caremark federal trade commission settlement remedy the ftc announced a proposed consent agreement with caremark and zinc health services addressing formulary design, point-of-sale rebates, fee structures, plan-sponsor transparency, community-pharmacy reimbursement, and access to pharmacy hub services. docket no. 9437","connectionCount":4,"x":450,"y":112,"distance":1,"radius":11,"labelVisible":true},{"id":"market:mkt-pbm","kind":"market","label":"U.S. pharmacy benefit management","shortLabel":"PBMs","description":"Pharmacy benefit management services profile based on FTC public findings. The FTC reports top-three and top-six aggregate shares but not enough individual PBM market shares in the public press-release record to compute HHI.","href":"/markets/us-pharmacy-benefit-management","metricLabel":"HHI status","metricValue":"Withheld","detail":"United States / 2023","status":"incomplete","year":2023,"color":"#14b8a6","searchText":"u.s. pharmacy benefit management pbms health care united states pharmacy benefit management services profile based on ftc public findings. the ftc reports top-three and top-six aggregate shares but not enough individual pbm market shares in the public press-release record to compute hhi.","connectionCount":10,"x":471.391,"y":22.963,"distance":2,"radius":8,"labelVisible":false},{"id":"policy_entity:pent-caremark-rx","kind":"policy_entity","label":"Caremark Rx, LLC","shortLabel":"Caremark Rx, LLC","description":"Pharmacy benefit manager named in FTC study and administrative complaint records.","href":"/enforcement/entities/caremark-rx-llc","metricLabel":"Named records","metricValue":"3","detail":"Official-record organization label","status":"record-only label","year":null,"color":"#ec4899","searchText":"caremark rx, llc pharmacy benefit manager named in ftc study and administrative complaint records. report_subject respondent remedy_subject","connectionCount":3,"x":644.584,"y":397.044,"distance":2,"radius":8,"labelVisible":false},{"id":"policy_entity:pent-zinc-health","kind":"policy_entity","label":"Zinc Health Services, LLC","shortLabel":"Zinc Health Services...","description":"Group purchasing organization named in the FTC insulin administrative complaint record.","href":"/enforcement/entities/zinc-health-services-llc","metricLabel":"Named records","metricValue":"2","detail":"Official-record organization label","status":"record-only label","year":null,"color":"#ec4899","searchText":"zinc health services, llc group purchasing organization named in the ftc insulin administrative complaint record. respondent remedy_subject","connectionCount":2,"x":234.025,"y":359.993,"distance":2,"radius":8,"labelVisible":false}],"rows":[{"id":"named-in-record:peel-caremark-settlement","layer":"enforcement","relationshipType":"named_in_record","relationshipLabel":"remedy subject","fromId":"policy_record:evt-pbm-caremark-settlement-2026","fromKind":"policy_record","fromLabel":"FTC announces proposed consent agreement with Caremark","fromHref":"/enforcement/records/pbm-caremark-settlement-2026","toId":"policy_entity:pent-caremark-rx","toKind":"policy_entity","toLabel":"Caremark Rx, LLC","toHref":"/enforcement/entities/caremark-rx-llc","evidenceLabel":"Exact official-record relationship","evidenceDetail":"The FTC settlement announcement identifies Caremark among the entities subject to the proposed consent agreement.","sourceId":"ftc-caremark-settlement-2026","sourceUrl":"https://www.ftc.gov/news-events/news/press-releases/2026/07/ftc-secures-major-settlement-caremark-resolving-antitrust-case-against-second-drug-middleman","confidenceLevel":"bounded","indicatorId":null,"entityCode":null,"observationCount":null,"firstYear":null,"latestYear":null,"preferredView":null,"sourceIds":null,"guardrail":"A named-organization edge records the role encoded from one official record; it is not an independent liability or identity finding."},{"id":"named-in-record:peel-zinc-settlement","layer":"enforcement","relationshipType":"named_in_record","relationshipLabel":"remedy subject","fromId":"policy_record:evt-pbm-caremark-settlement-2026","fromKind":"policy_record","fromLabel":"FTC announces proposed consent agreement with Caremark","fromHref":"/enforcement/records/pbm-caremark-settlement-2026","toId":"policy_entity:pent-zinc-health","toKind":"policy_entity","toLabel":"Zinc Health Services, LLC","toHref":"/enforcement/entities/zinc-health-services-llc","evidenceLabel":"Exact official-record relationship","evidenceDetail":"The FTC settlement announcement identifies affiliated group purchasing organization Zinc Health Services among the entities subject to the proposed consent agreement.","sourceId":"ftc-caremark-settlement-2026","sourceUrl":"https://www.ftc.gov/news-events/news/press-releases/2026/07/ftc-secures-major-settlement-caremark-resolving-antitrust-case-against-second-drug-middleman","confidenceLevel":"bounded","indicatorId":null,"entityCode":null,"observationCount":null,"firstYear":null,"latestYear":null,"preferredView":null,"sourceIds":null,"guardrail":"A named-organization edge records the role encoded from one official record; it is not an independent liability or identity finding."},{"id":"policy-scope:evt-pbm-caremark-settlement-2026:mkt-pbm","layer":"enforcement","relationshipType":"policy_scope","relationshipLabel":"Related policy context","fromId":"market:mkt-pbm","fromKind":"market","fromLabel":"U.S. pharmacy benefit management","fromHref":"/markets/us-pharmacy-benefit-management","toId":"policy_record:evt-pbm-caremark-settlement-2026","toKind":"policy_record","toLabel":"FTC announces proposed consent agreement with Caremark","toHref":"/enforcement/records/pbm-caremark-settlement-2026","evidenceLabel":"Federal Trade Commission / 2026-07-14","evidenceDetail":"Records announced remedy terms in the pending administrative matter. The filing does not establish realized savings, changes in PBM market structure, or a basis for calculating the withheld market HHI.","sourceId":"ftc-caremark-settlement-2026","sourceUrl":"https://www.ftc.gov/news-events/news/press-releases/2026/07/ftc-secures-major-settlement-caremark-resolving-antitrust-case-against-second-drug-middleman","confidenceLevel":"bounded","indicatorId":null,"entityCode":null,"observationCount":null,"firstYear":null,"latestYear":null,"preferredView":null,"sourceIds":null,"guardrail":"A related-market edge records the observatory's bounded context for a dated official event; it does not show causal effects on concentration."},{"id":"record-source:evt-pbm-caremark-settlement-2026:ftc-caremark-settlement-2026","layer":"enforcement","relationshipType":"record_source","relationshipLabel":"Official record source","fromId":"policy_record:evt-pbm-caremark-settlement-2026","fromKind":"policy_record","fromLabel":"FTC announces proposed consent agreement with Caremark","fromHref":"/enforcement/records/pbm-caremark-settlement-2026","toId":"source:ftc-caremark-settlement-2026","toKind":"source","toLabel":"FTC Secures Major Settlement with Caremark Resolving Antitrust Case Against Second Drug Middleman","toHref":"/sources/ftc-caremark-settlement-2026","evidenceLabel":"Federal Trade Commission","evidenceDetail":"FTC Secures Major Settlement with Caremark Resolving Antitrust Case Against Second Drug Middleman is the custody record encoded for this dated policy event.","sourceId":"ftc-caremark-settlement-2026","sourceUrl":"https://www.ftc.gov/news-events/news/press-releases/2026/07/ftc-secures-major-settlement-caremark-resolving-antitrust-case-against-second-drug-middleman","confidenceLevel":"high","indicatorId":null,"entityCode":null,"observationCount":null,"firstYear":null,"latestYear":null,"preferredView":null,"sourceIds":null,"guardrail":"The source is the official custody record for the encoded event; later outcomes require separate evidence."}]}