Congress trying to tackle rising prescription drug costs by cracking down on PBMs

May 23, 2023 at 11:29 am PDT

“The naval air base in Jacksonville is attempting to service more than three times the current patient load that they’re staffed and equipped to serve,” he told lawmakers Tuesday.During a congressional hearing Tuesday, lawmakers from both parties argue that’s part of the problem. In a statement, Scott said the committee risks “fundamentally misconstruing the role of pharmacy benefit companies and playing right into the hands of Big Pharma, which wants nothing more than to weaken this one check on big drug companies’ otherwise unlimited pricing power and avoid accountability for their egregious abuse of the patent system that blocks competition and keeps prices high.”

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