06/22/2015
https://www.congress.gov...
"The biggest problem with PBMs is we have Medicare and their formularies, and it makes it so unbelievably complex."
"Competition solves an awful lot of problems, and we just do not have the competition, and certainly not in the PBM markets."
"If you let in the competitive market system with consumers participating in it, you will get price transparency just as a natural part of it."
"I think PBMs--this is a really interesting hearing, okay? But if you eliminate all the profitability and all the incentives for creating new drugs, you have not really made a dent in our health-care s..."