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Peter Welch: “A bipartisan bill with enormous Republican and Democratic…”

Featuring: Peter Welch, Democratic | U.S. Senate, Vermont

There are places in the federal government where we can save money. DOGE is blind to them.

Published March 17, 2025 | Video Starts at 00:03

The pharmacy benefit managers, they are ripping us off so bad. And we had A bipartisan bill with enormous Republican and Democratic support to curb the rip-offs in the PBM industry was derailed. in our final budget deal last year. It got derailed. Why? Elon Musk, he was against it and he gave the word that this has got to go down. (00:03–00:14)

CLAIM

Asserts that a bipartisan bill to reform the PBM industry was derailed.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Peter Welch

“The PBM reform was going to save hundreds of billions of dollars for American taxpayers.”
There are places in the federal government where we can save money. DOGE is blind to them. | Uploaded March 17, 2025 | 00:03-00:14
“DOGE is blind to [corrupt practices in the PBM industry] and that's disgraceful.”
There are places in the federal government where we can save money. DOGE is blind to them. | Uploaded March 17, 2025 | 01:30-01:38
“Elon Musk was against [the PBM reform bill] and he gave the word that this has got to go down.”
There are places in the federal government where we can save money. DOGE is blind to them. | Uploaded March 17, 2025 | 01:39-01:46