Generic drugs

All eyes are on the drug pricing middlemen

$100 bills being shredded into am amber medicine vial.
Illustration: Sarah Grillo/Axios

Pharmacy benefit managers usually operate behind the scenes, quietly influencing the 5.8 billion drug prescriptions Americans fill every year. But they'll take a step into the spotlight today.

Driving the news: The Senate Finance Committee is set to grill the industry over its role in rising drug prices, and at the same time, the Trump administration is weighing a seismic shift in how these companies get paid.

Congress moves forward on prescription drug bills

The House Energy and Commerce Committee yesterday approved several bills designed to enhance prescription drug competition.

Details: This includes the CREATES Act, which received bipartisan buy-in after relatively minor changes were made to the original version.