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HR 2816 118th Congress House Health Government information and archives Health care costs and insurance Prescription drugs

Pharmacy Benefit Manager Sunshine and Accountability Act

Introduced: April 25, 2023 Introduced by: Harshbarger, Diana Republican · Tennessee See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2024
Referred to the Subcommittee on Health.
Apr 28, 2023
Referred to the Subcommittee on Health.
Apr 25, 2023
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 25, 2023
Introduced in House
 Plain-English summary Congressional Research Service

Pharmacy Benefit Manager Sunshine and Accountability Act

This bill expands and otherwise modifies reporting requirements for pharmacy benefit managers (PBMs).

Current law requires PBMs that contract with plans under the Medicare prescription drug benefit or plans that are offered on state health insurance exchanges to report certain information regarding rebates, fees, and other related information. The bill applies these requirements to PBMs that contract with private health insurers, and it expands these requirements to include more specific information relating to prices and fees, such as rebates that the PBM receives from drug manufacturers that are not passed through to other entities and the highest and lowest rebate percentages the PBM receives among all its contracts.

The bill also requires the Department of Health and Human Services to annually post the information reported by PBMs on its website.

What's happening now December 17, 2024

Referred to the Subcommittee on Health.

 Committees of jurisdiction 4
 Cosponsors 6
All 6 Democratic 3 Republican 3