Pharmacy benefit managers mostly dodged questions from policymakers during a Senate Finance Committee hearing Tuesday, STAT reports.
However, Sens. Chuck Grassley (R-Iowa) and Ron Wyden (D-Ore.) floated the possibility of legislative action.
“Ranking member Wyden and I are committed to working on a bipartisan basis,” Grassley said. “Our next step is to work with committee members to develop policies to help Medicare and Medicaid patients and protect taxpayers.”
While it remains uncertain how any potential legislation would impact the pharmacy middlemen, Grassley emphasized his support for involvement in negotiations from the private sector.
“This system of private entities negotiating is what I envisioned as an author of [the] Part D program,” Grassley said. “I still believe that this is absolutely the right approach. … However, as this hearing indicates, it’s our duty to understand how the system is working today and what we can do to improve it.”
To read the full report on STAT, click here.