
1680: Seismic Sundae
Pharmacy Benefit Managers Grilled in Congress
Executives from the three largest Pharmacy Benefit Managers (PBMs)—CVS Caremark, Cigna Express Scripts, and UnitedHealth Optum—faced a bipartisan grilling in Congress. They are accused of inflating drug costs and squeezing independent pharmacies. Representative Ro Khanna cited a case of a child denied arthritis medication for six months due to PBM bureaucracy, while executives claimed they saved clients $64 billion.



