My question, Mr. Secretary, do you consider vertical integration by the PBMs and their related companies a safety issue? I absolutely do. There is four companies that basically control the whole [PBM] industry and that's not good by any economic model. It Destroys competition, it raises prices, it lowers the quality of care. Absolutely. Absolutely. There are three FDA approved drugs for a common form of leukemia. (02:41–02:50)
CLAIM
Asserts that four companies control the PBM industry, which is economically detrimental.
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.
