US House panel to hold hearing with pharmacy benefit managers on healthcare costs

[July 17, 2024]  WASHINGTON (Reuters) - The U.S. House of Representatives oversight panel said on Tuesday it will hold a hearing with executives from U.S. pharmacy benefit managers on the role of the firms in rising healthcare costs.

The hearing will include Adam Kautzner, president of Evernorth Care Management and Express Scripts; David Joyner, executive vice president of CVS Health and president of CVS Caremark; and Patrick Conway, CEO of OptumRx, the panel's chair, Representative James Comer, a Republican, said in a statement.

The hearing is set for July 23.

(Reporting by Kanishka Singh and Jasper Ward in Washington; Editing by Leslie Adler)

U.S. dollar banknotes and medicines are seen in this illustration taken, June 27, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

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