PBM Reporting Transparency Act for Medicare Drug Plans
This bill requires official reports on how pharmacy benefit managers (PBMs) handle Medicare drug plans. It aims to reveal how these middleman agreements affect what patients pay for prescriptions and how pharmacies are paid.
Key points
Mandatory reports on agreements between drug plans and middlemen.
Analysis of patient out-of-pocket costs for prescription drugs.
Review of how much pharmacies are reimbursed for medications.
Recommendations to Congress for potential improvements to the system.
Status:
Introduced
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