Top PBM executives grilled in contentious congressional hearing
08/06/24 at 03:00 AM
Top PBM executives grilled in contentious congressional hearing
Modern Healthcare; by Michael McAuliff; 7/23/24
Lawmakers and executives from three major pharmacy benefit managers presented diametrically opposing views at a heated Capitol Hill hearing Tuesday, as major bills aimed at reining in the organizations remain stalled in Congress. Members of the House Committee on Oversight and Accountability blamed the highly concentrated PBM industry for raising drug prices and running independent pharmacies out of business, while leaders from CVS Caremark, Express Scripts and Optum Rx all countered that the sector in fact lowers prices and supports local pharmacies.