Marti Applauds AG Drummond's Lawsuit Against Drug Makers and PBMs for Unfair Pricing
Rep. T.J. Marti, R-Broken Arrow, released the following statement applauding Attorney General Gentner Drummond's recent lawsuit against major diabetic drug manufacturers and pharmacy benefit managers (PBMS) for unfair pricing.
"I commend General Drummond and his office for advocating for Oklahomans struggling to make ends meet while PBMs and health insurers continue to boast record profits year after year. Since the Attorney General's office took authority over PBMs, we have seen progress in curbing their anti-competitive and monopolistic practices.
"The Oklahoma Legislature has been at the forefront of the battle against PBMs and their lack of transparency in the United States. This lack of transparency has resulted in higher drug prices and poorer health outcomes. Despite misinformation from these companies and the state chamber of commerce, the Oklahoma House and Senate have remained steadfast in fighting PBM abuses."
Marti serves as the chair of the Alcohol, Tobacco and Controlled Substances Committee.
According to the petition Drummond filed Tuesday, in the past decade alone, manufacturer defendants have increased the prices of their insulins up to 1000%.