(Reuters) – The U.S. Senate Finance Committee has invited executives from five pharmacy benefit managers to testify on April 3 on the rising costs of prescription medicines, in Congress’s latest effort to question industry officials directly over an issue voters consistently cite as a top concern.
Pharmacy benefit managers (PBMs) administer drug benefits for employers and health plans and also run large mail-order pharmacies. Drugmakers say they are under pressure to provide rebates to the handful of PBMs dominating the market to get their products included on preferred coverage lists.
PBMs - Scrutiny - President - Donald - Trump
PBMs have come under increased scrutiny both by President Donald Trump’s administration and lawmakers who say there needs to be more transparency about how drug...
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