Elizabeth Warren
19:26 - 20:11
"Since 2003, DOD has awarded the TRICARE pharmacy contract to Express Scripts, the largest pharmacy benefit manager, or PBM, in the country. For 23 years, they have had an exclusive contract, with the most recent contract worth at least $4.3 billion in revenues over 7 years."
“Since 2003, DOD has awarded the TRICARE pharmacy contract to Express Scripts, the largest pharmacy benefit manager, or PBM, in the country. For 23 years, they have had an exclusive contract, with the most recent contract worth at least $4.3 billion in revenues over 7 years.”
- Speaker
- Elizabeth Warren
- Timestamp
- 19:26 – 20:11
- Community
- Alaska News
- Captured at
- July 15, 2026
From the transcript
So we need to look at the contractor who is running this program. Since 2003, DOD has awarded the TRICARE pharmacy contract to Express Scripts, the largest pharmacy benefit manager, or PBM, in the country. For 23 years, they have had an exclusive contract, with the most recent contract worth at least $4.3 billion in revenues over 7 years. So, What does Express Scripts do with billions of taxpayer dollars? Well, they decide which retail pharmacies are in the TRICARE network and what they're going to get paid for a prescription.
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