PBM drug pricing transparency reform bill headed to the full Senate
The bipartisan pharmacy benefit manager bill, which was approved by a Senate committee, would make it illegal to charge health plans and payers more for a prescription drug than what PBMs reimburse to the pharmacy.
By Alan Goforth | March 28, 2023 at 11:02 AM
A bipartisan pharmacy benefit manager reform bill was approved in a Senate committee last week and sent to the full Senate.
“This bipartisan bill would not only put a stop to deceptive and opaque pricing schemes that burden consumers with higher prices, it also saves taxpayers $740 million,” said Sen. Charles Grassley, R-Iowa, who introduced the legislation with Sen. Maria Cantwell, D-Wash. “It’s a win-win and warrants swift approval in Congress.”