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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

So, let's just assume that the FDIC or some other regulator or bank say to the community bank in Parkersburg, Iowa that you've got to make sure that you know what the carbon footprint is of the farmer and in 60 years of arming I don't know…

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

In March 2021, Democrats to advantage an emergency situation to pass a $2 trillion partisan spending bill.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

Our investigation found that the PBM scheme encourages drug makers to spike the drug's list price.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

I'll flag one other concern for the bill. It would pre-judge the results of the FTC's current study on the economic effects of PBMs.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

Today, three PBMs control 80 percent of the market. We must do something about powerful middlemen to lower drug costs for consumers.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

FMI thanks Chairwoman Cantwell and Sen. Grassley for championing the PBM Transparency Act.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

I hope this committee will have the same success voting this bill out.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

Our rising deficits are cast by a lot of people as long-term challenge, but not immediate problem today.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

It's clear that IRS needs to do a better job safeguarding taxpayer information.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

I've hauled Big Pharma and PBM executives before the Finance Committee.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

The Cantwell-Grassley PBM Transparency Act directs the FTC to end well-known and documented PBM practices that drive up consumer costs.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

I worked at the FTC, and I can tell you that with the Agency's overreach and activism, which will no doubt be difficult to sustain in court, it is no surprise that FTC staff morale has dramatically dropped.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

For decades, Congress turned a blind eye as our nation walked toward a fiscal cliff, but Democrats turned that walk into a sprint.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

It is shocking that a commissioner would choose to resign rather than watch an agency's bipartisan tradition crumble in front of her eyes.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

So, let's just assume that the FDIC or some other regulator or bank say to the community bank in Parkersburg, Iowa that you've got to make sure that you know what the carbon footprint is of the farmer and in 60 years of arming I don't know…

congress.gov
Chuck Grassley
@chuckgrassley· Republican · IA· Feb 15, 2023

PBMs will claim they pass on savings to consumers or through lowering premiums, but their spread pricing and clawback tactics prove otherwise.

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Chuck Grassley
@chuckgrassley· Republican · IA· Feb 14, 2023

I agree with the President and the timeline in continued need for fossil fuel.

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