Rep. Auchincloss to Newsmax: Pharmacy Benefit Managers Drive Up Costs

Rep. Jake Auchincloss, D-Mass., is taking aim at three pharmacy benefit managers (PBMs) that operate without congressional scrutiny to the tune of extracting $300 billion annually from the U.S. healthcare system, telling Newsmax they bastardized a critical industry role to feed their greed.

Meanwhile, drug prices continue to soar for Americans.

Auchincloss joined “The Record With Greta Van Susteren” to say the 119th Congress needs to rein in Cigna’s Express Scripts, CVS Caremark, and Optum Rx of UnitedHealthcare Group. While the names are known, many Americans don’t know what they do, and that’s intentional, he said.

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