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Study on Pharmacy Benefit Managers: Lowering Drug Costs for Citizens

This act aims to study how Pharmacy Benefit Managers (PBMs) operate, as they influence drug prices. The goal is to understand their role in the supply chain, competition among them, and how they manage rebates and fees. The study's findings are intended to help lower prescription drug costs for patients and improve market transparency.
Key points
Investigating how PBMs affect drug prices and whether they favor more expensive drugs with higher rebates.
Analyzing how much of drug rebates go to patients versus how much PBMs retain.
Developing recommendations for Congress to lower prescription drug costs and increase market competition.
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Additional Information
Pharmacy Benefit Manager Accountability Study Act of 2021
Print number: S 298
Sponsor: Sen. Blackburn, Marsha [R-TN]
Process start date: 2021-02-08