
Elizabeth Warren
58:44 - 59:23
"it turns out that Express Scripts has been caught doing exactly that in other government contracts. An Inspector General audit of the Federal Employee Health Benefit Compass Rose Plan found that Express Scripts overcharged the government millions of dollars by failing to pass through all retail pharmacy discounts. And another Inspector General audit of the American Postal Workers Union health plan found millions more in unallowable spread pricing."
“it turns out that Express Scripts has been caught doing exactly that in other government contracts. An Inspector General audit of the Federal Employee Health Benefit Compass Rose Plan found that Express Scripts overcharged the government millions of dollars by failing to pass through all retail pharmacy discounts. And another Inspector General audit of the American Postal Workers Union health plan found millions more in unallowable spread pricing.”
It's right there in the contract. It turns out that Express Scripts has been caught doing exactly that in other government contracts. An Inspector General audit of the Federal Employee Health Benefit Compass Rose Plan found that Express Scripts overcharged the government millions of dollars by failing to pass through all retail pharmacy discounts. And another Inspector General audit of the American Postal Workers Union health plan found millions more in unallowable spread pricing. In other words, they've already been caught with their hand in the cookie jar on this.
A Senate Armed Services subcommittee hearing Wednesday put Express Scripts' 23-year TRICARE contract under sharp scrutiny, with Sen. Warren citing DOD data showing the contractor's mail-order pharmacy costs 12.5% more than retail for generic drugs, and the company's president declining to voluntarily submit to an independent audit.
