By Robert King
Source: Fierce Healthcare
Senators pilloried the lack of transparency from pharmacy benefit managers during a hearing Thursday, as lawmakers hope to pass reforms this session.
The Senate Commerce Committee hosted the hearing amid concerns that PBMs steer patients toward pharmacies that they own. Lawmakers have introduced legislation to shed light on the issue, but some Republicans have balked over giving the federal government more authority.
“I don’t know why the hell they even exist,” said Sen. Jon Tester, D-Montana. “There is no transparency in PBMs. When you combine that with anti-competitive tactics, this is a recipe where the only people who win in healthcare costs are PBMs.”