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Pharmacy benefit managers face scrutiny during hearing on prescription drugs
Pfizer And AstraZeneca's Billion Dollar Battle...Boxes containing various pharmaceutical products are seen on display in the pharmacy department of a drugstore in London, U.K., on Friday, May 2, 2014. AstraZeneca Plc rejected Pfizer Inc.'s sweetened takeover proposal, saying the 63.1 billion-pound ($106.5 billion) offer fails to recognize the value of the promising experimental medicines under development by the U.K.'s second-biggest drugmaker. Photographer: Chris Ratcliffe/Bloomberg
Lawmakers questioned whether more oversight is necessary of pharmacy benefit managers at a three-and-a-half hour joint meeting of the House Prescription Drug Affordability and Accessibility and Insurance committees Friday in Chicago.