Senate panel advances drug pricing bills, including PBM reforms ...Middle East

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A key Senate panel advanced a package of bipartisan bills aimed at improving generic drug competition and reforming the business practices of pharmacy benefit managers (PBM). The Senate Health, Education, Labor and Pensions Committee quickly advanced several generic drug bills. The PBM reform bill advanced by a vote of 18 to 3, with Sens. Mitt Romney (R-Utah), Rand Paul (R-Ky.) and Tommy Tuberville (R-Ala.) voting against it. The bill would prohibit a PBM practice known as “spread pricing,” or charging health plans more for a drug than the PBM reimburses to the pharmacy, a tactic that's drawn harsh criticism from lawmakers. It would also implement new requirements designed to in

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Last updated : 12 May 2023 clock 01:16 AM

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Senate panel advances drug pricing bills, including PBM reforms ...Middle East

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