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Congressman Exposes PBMs’ Role in Rising Drug Prices

2/27/2025

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Summary

Story summary

Congressman Buddy Carter spearheaded a crucial hearing on Pharmacy Benefit Managers (PBMs), exposing their significant influence on soaring drug prices and patient access challenges. With PBMs dominating 80% of the market and prioritizing their own pharmacies, lawmakers are pushing for reforms to enhance transparency and competition, striving to lower prescription costs and safeguard independent pharmacies.

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Story summary

Congressman Buddy Carter spearheaded a crucial hearing on Pharmacy Benefit Managers (PBMs), exposing their significant influence on soaring drug prices and patient access challenges. With PBMs dominating 80% of the market and prioritizing their own pharmacies, lawmakers are pushing for reforms to enhance transparency and competition, striving to lower prescription costs and safeguard independent pharmacies.