A day after President Donald Trump renewed his attack on high drug prices, officials from the drug industry's top lobbying groups sat down at a black cloth-draped table in a Senate hearing room and told lawmakers who's to blame: the person a few seats over.
Drugmakers said in prepared remarks that insurers, pharmacy-benefit managers and hospitals, among others, keep a large chunk of the money Americans spend on medicine and don't pass on savings to patients.
Pharmacy-benefit managers pointed the finger back at pharmaceutical companies, and said the cut they take as middlemen has no connection to how drugmakers set prices.
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