OFFICIAL LEGAL TITLE
Drug Price Transparency Act of 2023
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 118_S_1131.
Which chamber initiated this legislation?
This legislation was initiated in the Senate.
When did the legislative process begin?
The process officially started on 2023-03-30.
What are the main provisions?
Key points include:
- All drug discounts must now be reflected directly in the price at the pharmacy counter, immediately lowering the cost for the patient.
- These rules apply to both federal insurance programs (Medicare) and all private health plans.
- Compensation for Pharmacy Benefit Managers (PBMs) must shift to transparent, flat service fees, eliminating incentives tied to drug list prices.
What is the specific legal status?
The current status is Expired.
Where can I read the full text of this legislation?
The full official text is available at:
View full text
Who is the primary sponsor?
The primary sponsor is Sen. Braun, Mike [R-IN].
What is the latest detailed status?
The latest detailed status is: Introduced in Senate
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.