Healthcare DIVE July 24, 2024
Top executives of CVS Caremark, Optum Rx and Express Scripts made a rare congressional appearance to defend pharmacy benefit managers’ drug pricing policies.
In a House Committee on Oversight and Accountability hearing Tuesday, representatives from across the aisle pressed executives from the largest pharmacy benefit managers in the nation — CVS Caremark, UnitedHealth Group’s Optum Rx and Cigna’s Express Scripts — on their role in rising prescription drug costs.
While congressional hearings on PBMs have ticked up in frequency, it is rare for lawmakers to hear directly from top decision-makers at the companies. The last time was in 2019, when a different group of executives appeared before the Senate Finance Committee.
That changed yesterday when Adam Kautzner, president of Express...
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