So in its postmortem of the Silicon Valley Bank collapse, the Fed found that legislation passed out of this Committee in 2018, led to weakened rules for big banks that were major contributors to Silicon Valley Bank's failure.
Warren highlights the Fed's findings linking weakened bank rules to the SVB collapse.
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I urge DOD to flatly prohibit vertical integration in the next TRICARE pharmacy contract. A vertically integrated PBM has every incentive to line its own pockets, and DOD should not be using taxpayer dollars to fund these schemes.
That is a clear conflict of interest. And yet, DOD actually requires the TRICARE pharmacy contractor to own both a PBM and a pharmacy. I don’t know who talked them into that, but it is an open invitation for Express Scripts to milk the…
We’re in an emergency situation, and we need to be using all the tools we have to make more medicines here at home, and that should include federal contracting and procurement policy.
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