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Peter Welch: “Elon Musk was against [the PBM reform bill] and he gave the…”

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 01:39

And we had a bipartisan bill with enormous Republican support and Democratic support to curb the rip offs in the PBM industry. That was in our final budget deal last year. It got derailed. Why? Elon Musk was against [the PBM reform bill] and he gave the word that this has got to go down. And the thing blew up. And we don't have the PBM reform that both sides of the aisle knew was necessary. (01:39–01:46)

CLAIM

Asserts that Elon Musk opposed the PBM reform bill and influenced its derailment.

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

“A bipartisan bill with enormous Republican and Democratic support to curb the rip-offs in the PBM industry was derailed.”
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
“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