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Pharmacy Benefit Manager Reform and Price Transparency Act

This bill reforms Pharmacy Benefit Manager (PBM) operations within Medicare, Medicaid, and group health plans. It ensures beneficiary access to pharmacies, mandates transparency regarding drug costs and rebates, and alters the compensation model for intermediaries to flat fees.
Key points
Bans 'spread pricing' in Medicaid, requiring a transparent pass-through pricing model instead.
Requires PBMs to disclose full data on drug costs, rebates, and fees to plan sponsors.
Ensures Medicare beneficiaries have access to 'any willing pharmacy' that meets contract terms and monitors access in rural areas.
Mandates that PBM fees be 'bona fide service fees' set as flat dollar amounts rather than percentages of drug prices.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4317
Sponsor: Rep. Carter, Earl L. "Buddy" [R-GA-1]
Process start date: 2025-07-10