Senate Judiciary Subcommittee Hearing Announced

11/2/2011 2:49 PM  RssIcon

The Senate Judiciary Committee's Subcommittee on Antitrust, Competition Policy and Consumer Rights has announced a hearing on the proposed Express Scripts and Medco merger.  The hearing - titled "The Express Scripts/Medco Merger: Cost Savings for Consumers or More Profits for the Middlemen?" - will be held December 6, 2011, at 2:30 p.m.

The title reflects a key concern articulated by consumer groups, members of Congress and patient advocates - that any purported savings would not actually be passed along to health plans, employers and consumers.

In a September 20, 2011, letter to the Federal Trade Commission, consumer groups wrote that "the combined company is unlikely to pass on savings obtained through rebates to public and private payors."

Radio Ad