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Oversight chair knocks PBM execs for July testimony under oath

Calls on them to provide any necessary corrections to the record within three weeks

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ALEXANDRIA, Va.  – The National Community Pharmacists Association released the following statement from CEO B. Douglas Hoey, after House Committee on Oversight and Accountability Chairman James Comer (R, Ky.) called on executives from Express Scripts, CVS Caremark, and OptumRx to correct the record for statements they made under oath during their appearance before the committee in July: 

“PBM-insurers’ days of reckoning are continuing. Congress and the FTC aren’t falling for their nonsense, and the heat on them has never been higher. PBM-insurers exert so much influence on which drugs patients have access to and how much they cost that calling out their mistruths and working to hold them accountable is critical, and we applaud Chairman Comer for doing so. We also need to emphasize that Congress must absolutely pass PBM reforms this year. The time for waiting is over because PBM-insurers showed they will fudge the truth wherever they can and they’ll only change their ways if they are forced.”

In a statement released after the July hearing, Hoey called out the excuses and at times downright lies the PBM executives were attempting to feed members of the committee about the roles their organizations play in increasing prescription costs and decreasing patient access to health care.  

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