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Greater Drug Discount Transparency: Lower Costs for Patients

This act aims to increase transparency regarding drug discounts and rebates negotiated by pharmacy benefit managers (PBMs). Citizens will gain access to information on how these discounts affect drug prices, potentially leading to lower healthcare costs. The information will be publicly available while protecting sensitive data.
Key points
Public disclosure of drug discount and rebate information starting January 1, 2022.
Data will be available on the Department of Health and Human Services website, grouped by drug class.
The goal is to allow comparison of how pharmacy benefit managers pass on negotiated discounts to patients and insurance plans.
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Additional Information
Improving Transparency to Lower Drug Costs Act of 2021
Print number: HR 3682
Sponsor: Rep. Spanberger, Abigail Davis [D-VA-7]
Process start date: 2021-06-01