PBMs Take Center Stage at Third Senate Drug Pricing Hearing
Here is a brief preview of this blast: Today, the Senate Finance Committee held its third hearing on drug pricing titled "Drug Pricing in America: A Prescription for Change, Part III" which focused particularly on the role of PBMs. As predicted, the PBMs largely tried to deflect attention back onto pharmaceutical manufacturers. Key themes from the hearing include: 1) PBMs blame outdated MPD legislation, PBMs do not set list prices, and PBMs do not want to provide as much transparency as manufacturers do. Below, FENIX provides highlights and insights from the hearing.