Prohibiting Contracts with Pharmacy-Owned Pharmacy Benefit Managers
This bill aims to boost competition in the prescription drug market. It prevents the government from contracting with insurance companies that work with pharmacy benefit managers (PBMs) owning pharmacies. This could potentially lower drug costs for citizens and increase pharmacy choices.
Key points
Five years after the law's enactment, prescription drug plan sponsors cannot contract with pharmacy benefit managers (PBMs) that own or control pharmacies.
The goal is to prevent conflicts of interest and promote fair competition, potentially leading to lower drug prices and better access for patients.
The Secretary of Health and Human Services has the authority to delay this requirement by up to two years.
Expired
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