Pharmacy Benefit Managers Scrutinized and Criticized at Senate Hearing

NTD Newsroom
By NTD Newsroom
March 31, 2023News Clips

Video shows Sens. Bob Menendez (D-N.J.) and John Thune (R- S.D.) questioning Jonathan E Levitt, founding partner of Frier Levitt Attorneys at Law Pine Brook, New Jersey, at a Senate Finance Committee hearing on pharmacy benefit managers on Thursday.

Most of the witnesses and senators criticized the leading firms in the sector, accusing them of using market power and covert tactics to increase their profits at the expense of consumers and the financial stability of the Medicare program.

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