A resolution condemning the horrific school shooting at The Covenant School in Nashville, Tennessee, as a hate crime, and recognizing the victims and expressing condolences to their families.
- Last Action
- 3/28/2023
Actions
- 2023-12-13Placed on Senate Legislative Calendar under General Orders. Calendar No. 283.
- 2023-12-13Committee on Commerce, Science, and Transportation. Reported by Senator Cantwell with an amendment in the nature of a substitute. Without written report.
- 2023-12-13Committee on Commerce, Science, and Transportation. Reported by Senator Cantwell with an amendment in the nature of a substitute. Without written report.
- 2023-03-22Committee on Commerce, Science, and Transportation. Ordered to be reported with an amendment in the nature of a substitute favorably.
- 2023-01-26Read twice and referred to the Committee on Commerce, Science, and Transportation.
- 2023-01-26Introduced in Senate
CRS Summary
As of 2023-01-26 (00)
Pharmacy Benefit Manager Transparency Act of 2023
This bill generally prohibits pharmacy benefit managers (PBMs) from engaging in certain practices when managing the prescription drug benefits under a health insurance plan, including charging the plan a different amount than the PBM reimburses the pharmacy.
The bill also prohibits PBMs from arbitrarily, unfairly, or deceptively (1) clawing back reimbursement payments, or (2) increasing fees or lowering reimbursements to pharmacies to offset changes to federally funded health plans.
PBMs are not subject to these prohibitions if they (1) pass along 100% of any price concession or discount to the health plan, and (2) disclose specified costs, prices, reimbursements, fees, markups, discounts, and aggregate payments received with respect to their PBM services.
Further, PBMs must report annually to the Federal Trade Commission (FTC) certain information about payments received from health plans and fees charged to pharmacies.
The FTC and state attorneys general are authorized to enforce the provisions of the bill.
Cosponsors (14)
- Chuck Grassley (R-IA)
- Cindy Hyde-Smith (R-MS)
- Mike Braun (R-IN)
- Jerry Moran (R-KS)
- Thomas Tillis (R-NC)
- Jon Tester (D-MT)
- Shelley Capito (R-WV)
- John Boozman (R-AR)
- Peter Welch (D-VT)
- Roger Marshall (R-KS)
- Martin Heinrich (D-NM)
- Joni Ernst (R-IA)
- Mike Rounds (R-SD)
- Jeanne Shaheen (D-NH)
Subjects
- Civil actions and liability
- Congressional oversight
- Government information and archives
- Government studies and investigations
- Health care costs and insurance
- Medical ethics
- Prescription drugs
- State and local government operations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.