Senate introduces bill regarding pharmacy benefit manager pricing
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Table of Contents
Senator Ron Wyden introduced the PBM Price Transparency and Accountability Act in the Senate. The bill aims to change how pharmacy benefit managers (PBMs)—the companies that manage prescription drug benefits for insurers—handle drug pricing and rebates.
Why it matters: This bill targets the middleman layer of the prescription drug supply chain to try to make drug costs more predictable for insurers and patients.
Who it affects
- Pharmacy benefit managers (PBMs)
This information comes from Congress.gov regarding a Senate bill; readers should consult the official text before relying on this information.
Agency: Senate
Source: Congress.gov — read the official document