House committee approves bill to prohibit certain pharmacy benefit manager payments
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The House Committee on Energy and Commerce has approved an amended version of the PBM Kickback Prohibition Act. This bill would make it illegal for Pharmacy Benefit Managers (PBMs)—the companies that manage prescription drug benefits for insurers—to receive certain types of payments from drug manufacturers.
Why it matters: This is a legislative attempt to change the financial relationship between drug makers and those who manage drug lists; its actual impact depends on whether it passes both chambers and survives potential legal challenges regarding existing contract structures.
Who it affects
- Pharmacy Benefit Managers (PBMs)
This information comes from Congress.gov; please check the official text of the bill before relying on it for legal or financial decisions.
Agency: House
Source: Congress.gov — read the official document