Congress Grills Health Insurance CEOs With Hunterbrook Exposé

14 hours ago 2 views HUNTERBROOK hntrbrk.com

Hunterbrook Media’s investment affiliate, Hunterbrook Capital, does not have any positions related to this article at the time of publication. Positions may change at any time. Hunterbrook Media and its affiliate Hunterbrook Law are working with a litigation firm that may bring potential legal claims based in part on our reporting. See full disclosures below.

Just weeks after Hunterbrook published a yearlong investigation into PBM GPOs, members of Congress grilled the CEOs of Cigna Group, UnitedHealth Group and CVS Health about our findings that their companies diverted billions of dollars in revenue away from patients and health plans.

UnitedHealth’s Stephen Hemsley, Cigna’s David Cordani and CVS’ David Joyner were called to Washington Thursday to appear before the House Committees on Energy and Commerce and Ways and Means.

The hearings covered healthcare affordability, ranging from enhanced Affordable Care Act subsidies to the focus of Hunterbrook’s reporting: so-called Group Purchasing Organizations (GPOs) established under the conglomerates’ Pharmacy Benefit Managers (PBMs).

During the Energy and Commerce hearing, legislators repeatedly cited Hunterbrook’s findings on the shell