Testimony Before the Employee Benefits Security Administration, U.S. Department of Labor
Tuesday December 7th, 2010
David Balto
The Center for American Progress Action Fund
See Also:
The Need for Greater Fee Disclosure Among the PBM Industry | more >>

CVS Caremark, along with Medco Health Solutions and Express Scripts—the two other dominant pharmacy benefit managers, or PBMs—has been plagued with opaque business practices, limited market competition, and widespread allegations of fraud. While PBMs may well prove a necessary expedient in lowering the cost of health care, measures must be taken to ensure that they operate as they are supposed to.

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