PhRMA renews pharmacy benefits manager campaign as Congressional scrutiny heats up
A man in a blue suit snatches away a woman’s paper prescription at the pharmacy counter in PhRMA’s latest salvo aimed at middlemen.
Who is he exactly? He’s an insurance company’s pharmacy benefit manager (PBM), and as he says to the woman in the video, “I decide which medicines you can get … And I don’t make as much money off this one. Hope you feel better.”
The ad is the third in PhRMA’s campaign series highlighting the role of PBMs, with the latest coming as the Senate health committee led by Sens. Bernie Sanders (I-VT) and Bill Cassidy (R-LA) prepares to work on new drug pricing legislation that includes increasing oversight and transparency around PBMs. While slated to begin today, the work was pushed back to next week over process concerns by some committee members.
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