Yet Another Bad Day For PBMs On Capitol Hill

25 Sep 2023

• By Michael McCaughan

Democrats and Republicans in the US Congress are not getting along on most topics these days. But when it comes to criticizing the pharmacy benefit management sector, they see eye-to-eye.

Capitol building — PBMs bring people together on Capitol Hill – unfortunately for them. • Source: Alamy

“We don’t agree on a whole lot on this committee,” US House Committee on Oversight and Accountability chair James Comer (R-KY) observed during a 19 September hearing on the pharmacy benefit management sector, “but we agree that PBMs need to be reformed significantly.”

The first half of that comment counts as dramatic understatement.