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Congress Committee Hearings

Reviewing the Role of Pharmacy Benefit Managers in Pharmaceutical Markets Forum [Video]

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WASHINGTON—House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) opened today’s forum on “Reviewing the Role of Pharmacy Benefit Managers in Pharmaceutical Markets” by emphasizing congressional oversight of rising prescription drugs must include an examination of pharmacy benefit managers’ (PBMs) role.

In his opening remarks, Ranking Member Comer outlined how PBMs’ consolidation has negatively affected competition in the marketplace, leading to higher drug prices for Americans. He concluded his remarks by calling on PBMs to provide greater transparency about their practices and urged further review of proposed legislation to determine any changes needed to decrease the costs of prescription drugs and benefit patients …