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Study on Pharmacy Benefit Managers to Lower Drug Costs.

This act aims to investigate how Pharmacy Benefit Managers (PBMs) influence drug prices. The goal is to understand their role in the supply chain, competition among them, and their use of rebates and fees. The study's findings are intended to help develop policies that will lower drug costs for patients and improve market transparency.
Key points
The act requires the Government Accountability Office (GAO) to conduct a detailed study of Pharmacy Benefit Managers (PBMs).
The study will assess whether PBMs favor higher-rebate, more expensive drugs over lower-cost alternatives.
The report must include data on how much of the rebates PBMs pass on to patients and payers, and how much they keep.
The objective is to provide legislative recommendations to lower prescription drug costs for consumers and enhance market competition.
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Additional Information
Print number: 117_HR_1829
Sponsor: Rep. Harshbarger, Diana [R-TN-1]
Process start date: 2021-03-11