The Subcommittee on Health, Employment, Labor, and Pensions, chaired by Representative Rick Allen of Georgia, will hold a hearing titled “Profits Over Patients: The PBM Business Model Under Scrutiny” at 10:15 a.m. on Wednesday, April 22. The event will take place in room 2175 of the Rayburn House Office Building and will be open to the press as well as live-streamed on the Committee’s YouTube page.
The upcoming hearing is significant because it addresses concerns about how pharmacy benefit managers (PBMs) operate within the healthcare system. Lawmakers are set to examine whether current business practices prioritize company profits over patient care.
The House Education and Workforce Committee oversees federal programs related to education, labor, health, and workforce development according to the official website. This committee also plays a key role in shaping policy areas such as student loans and worker protections according to the official website.
In addition, the committee operates within the legislative sector with jurisdiction over both education and labor matters according to the official website.
As scrutiny of PBM practices increases nationally, observers may look for potential legislative or regulatory changes that could arise from this hearing.
