Lawmakers introduce bipartisan bill aiming to crack down on drug middlemen as scrutiny ramps up
Publishing timestamp: 2024-07-23 14:00:01
Summary
Bipartisan lawmakers introduced a new bill to crack down on drug supply chain middlemen who inflate prescription medication prices. The legislation aims to lower costs for patients enrolled in federal healthcare programs and ensure fair reimbursement for community pharmacies. The bill comes amid a House committee hearing featuring testimony from the three largest PBMs. The bill seeks to increase transparency around PBM business practices and implement a new pharmacy reimbursement model centered around the national average drug acquisition cost.
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Keywords: pharmaceuticals, health care industry, breaking news: business, breaking news, social issues, medication, biotechnology, biotech and pharmaceuticals, cvs health corp, cigna corp, business news, business, unitedhealth group inc,
Source: https://www.cnbc.com/2024/07/23/lawmakers-unveil-pbm-reform-bill-amid-rising-drug-costs.html