Congress Should Improve PBM Accountability, Employers Say

A group representing large U.S. employers says legislative proposals to increase oversight of pharmacy benefit managers (PBMs) fall short and are advocating for the prescription drug middlemen to be required to share more information and pass along discounts to employer health plans. EmployersRx, a group of employer organizations advocating on drug pricing issues, submitted a statement for the record on a Senate Finance Committee hearing Thursday (March 30) examining the role of PBMs in prescription drug pricing. A bill advanced...