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Jake Auchincloss

Congressman from the Massachusetts Fourth

Jacob Auchincloss is a former Marine, city councilor, and tech product manager who currently serves as the U.S. Representative for the MA-4 congressional district, encompassing 34 cities & towns in southeastern Massachusetts. He has a background in government, economics, and finance, with degrees from Harvard College and MIT Sloan School of Management. Auchincloss has held various leadership roles in organizations such as Liberty Mutual Insurance, Barkly, City of Newton, and the United States Marine Corps.

Highlights

Jul 24 · linkedin

Yesterday the House Committee on Oversight and Government Reform grilled the CEOs of the Big 3 PBMs on specialty steering, mark-ups, and more.

Specialty drugs are used by less than 2% of the population but account for 50% of the drug spend, because the PBMs are using a non-clinically indicated designation to mark up the drugs taken by the sickest patients.

Here's CVS Caremark's own data on percent mark-ups over NADAC from an employer in Massachusetts:

Multiple sclerosis Rx – 38,352%

Leukemia Rx – 13,591%

Prostate cancer Rx – 6,375%

Chronic kidney disease Rx – 5,037%

HIV Rx – 4,124%

Heart failure Rx – 161%

CVS Caremark & the other PBMs claim that the Federal Trade Commission, the Centers for Medicare & Medicaid Services, 3 Axis Advisors, The New York Times and The Wall Street Journal are all wrong about their nefarious practices. But their own data proves otherwise.

Feb 27 · linkedin

I am hiring a Communications Director.

Jake Auchincloss
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Location

Greater Boston