Lawmakers introduce bill to target PBMs accused of inflating drug costs

From CNBC: 2024-07-23 10:00:01

Lawmakers introduced a bill targeting drug supply chain middlemen accused of inflating prescription medication prices. The “Pharmacists Fight Back Act” seeks fair reimbursement for pharmacies serving federal health-care program patients. Three PBM executives face scrutiny for alleged involvement in rising healthcare costs. Bipartisan efforts to reform PBMs continue, despite legislative delays and ongoing challenges in balancing drug affordability for patients. The new bill aims to increase transparency and tackle corporate greed harming pharmacies, introducing a reimbursement model focused on actual drug acquisition costs. Harshbarger emphasized the importance of implementing reforms to make drugs more affordable and protect independent pharmacies.



Read more at CNBC: Lawmakers unveil PBM reform bill amid rising drug costs