New Ad Fails to Mention McCaskill’s Deep Ties to An Industry Responsible for Increased Drug Prices New Ad Fails to Mention McCaskill’s Deep Ties to An Industry Responsible for Increased Drug Prices – NTK Network

New Ad Fails to Mention McCaskill’s Deep Ties to An Industry Responsible for Increased Drug Prices

Two of McCaskill’s largest donors just happen to be tied to the PBM industry, an industry that is responsible for the increase in prescription drugs.

By NTK Staff | 09.13.2018 @4:00pm
New Ad Fails to Mention McCaskill’s Deep Ties to An Industry Responsible for Increased Drug Prices

A new ad released by the outside group Patients for Affordable Drugs Action in Missouri, supporting Sen. Claire McCaskill’s (D-MO) reelection, paints McCaskill as a “leader in the fight to lower drug prices” without mentioning McCaskill’s ties to the pharmacy benefit manager (PBM) industry.

The ad, which was released on Wednesday, highlighted several local news reports about how McCaskill is fighting to lower the price of prescription drugs for Missourians.

However, this ad doesn’t mention McCaskill’s ties to the pharmacy benefit manager (PBM) industry, which is partially responsible for the increase in prescription drugs.

For those unfamiliar, PBMs are basically the middlemen between insurance companies and pharmacists.

They decide “what drugs to cover, which ones to force patients to pay a big share of, and to negotiate lower pharmaceutical prices.”

According to Forbes:

“In most cases, consumers are paying the higher price at the pharmacy counter until their deductible or out-of-pocket maximum kicks in, with the PBM and their employer pocketing the difference.”

“One implication of this is that in some cases a pharmaceutical company and a PBM might prefer to raise a drug’s list price. The PBM gets to say it is negotiating a bigger discount, and the pharmaceutical company gets more money, but the consumer loses.”

Two of McCaskill’s largest donors, Express Scripts and Centene Corp., are tied to the PBM industry.

The Express Scripts government relations website “candidly acknowledges that its contributions target legislators who vote or go to bat for policies beneficial to it,” according to a Huffington Post report.

That’s not all though. “McCaskill also helped Express Scripts in a contract dispute with Kaleo,” according to the Huffington Post.

So, while Patients for Affordable Drugs Action attempts to paint McCaskill as a champion of lower drug prices, Missourians should remember that McCaskill is in the pocket of the industry responsible for drug price increases.

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