S 2493
118th Congress
Senate
Health
PBM Reporting Transparency Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2023
Read twice and referred to the Committee on Finance.
Jul 25, 2023
Introduced in Senate
Plain-English summary
PBM Reporting Transparency Act
This bill requires the Medicare Payment Advisory Commission to report certain information about pharmacy benefit managers (PBMs) under the Medicare prescription drug benefit and Medicare Advantage.
Specifically, the commission must report on trends in agreements between PBMs and prescription drug plans, the impact of any differences in agreements on out-of-pocket spending for enrollees and pharmacy reimbursements, and any appropriate recommendations. The commission must submit an updated report two years after its initial report.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1