PBMs Scrutinized and Criticized at Senate Hearing
Video shows Sen. Bob Menendez (D- N.J.) and Sen. John Thune (R- S.D.) questioning Jonathan E Levitt, Founding Partner of Frier Levitt Attorneys at Law Pine Brook, NJ, at a Senate Finance Committee hearing on pharmacy benefit managers (PBMs) on Thursday.
Most of the witnesses and senators criticized the leading firms in the sector, accusing them of using market power and covert tactics to increase their profits at the expense of consumers and the financial stability of the Medicare programme.
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