PBM Reporting Transparency Act

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.

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Timeline

1. 25 July 2023

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 25 July 2023

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

• Introduced in Senate · 25 July 2023 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 25 July 2023

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 25 July 2023

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 July 2023

  Open at official source

Sponsors

• Sen. Warner, Mark R. [D-VA] · D · Sponsor
• John Thune · R · Sponsor
• Catherine Cortez Masto · D · Sponsor
• Thomas Tillis · R · Sponsor
• · ssfi00 · Standing

Related records

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