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05/18/2022

PBMs Under Fire at Senate Hearing

Expert witnesses call for strong consumer protection, federal regulation

The role of pharmacy benefit managers (PBMs) in the drug supply chain and whether "anti-competitive" practices are driving up healthcare costs was scrutinized by the Senate on Thursday.

PBMs are just one player in a "broken supply chain" explained Richard Blumenthal (D-Conn.), during a Thursday hearing of the Senate Subcommittee for the Committee on Commerce, Science, and Transportation.

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