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Nicole Malliotakis

๐Ÿ‘ค Speaker
197 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

So maybe 18% should be more of what we're looking at for one year to kind of bring it in par.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

But I think this is going to be a real big discussion on Capitol Hill because I can tell you, I was a member of the Main Street Caucus, which is more center-right members of our conference.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

A lot of them have expressed...

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

concerns about this in our last meeting, which took place on Monday.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

And so I do believe that this is really, really going to be something that he's going to get a lot of opposition to on the Hill.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

Yeah, look, I think that the president just a little while ago came out with his great health care plan, and we're currently reviewing that.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

It does hit on a lot of the points.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

I mean, I think one of the big issues where we see some opportunity is pharmaceuticals, right?

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

He's proposed his most favored nation.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

He wants Americans to pay the same price that many other countries are paying.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

Why are we subsidizing the research and on top of it paying the highest prices?

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

So he has a point with that, but

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

I think the bigger issue is PBM reform, if we want to rein in those PBMs that are those middlemen between the insurance companies and the pharmacies.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

In some cases, there's vertical integration where the insurance company is the PBM and the pharmacy.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

That is, I think, a real problem because we're seeing them put small mom-and-pop pharmacies out of business.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

They're dictating what their competitors are making.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

And they have no transparency in terms of what's going on in the middle in between phase and how much they're profiting.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

So in fact, our committee next week, Ways and Means, is going to be having these health insurance executives that do also own these PBMs.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

come before us.

Bloomberg Talks
Congresswoman Nicole Malliotakis Talks Affordability

And the questions are, it's going to be interesting, especially when we, when we asked them, you know, about the 230% increase in profits, uh, and, and the premiums increasing at the same time, despite those taxpayer subsidies.