HB4846: Better Deals and Lower Prices Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Internal Revenue Code of 1986, title XXVII of the Public Health Service Act, and the Employee Retirement Income Security Act of 1974 to provide for oversight of pharmacy benefit manager services.
Plain-language summary
This bill aims to increase government oversight of pharmacy benefit managers, which are companies that manage prescription drug benefits for health insurance plans. It would amend three major federal laws: the tax code, the Public Health Service Act, and the Employee Retirement Income Security Act. The bill was introduced by Representative Jodey Arrington and is currently in the early stages of the legislative process. Pharmacy benefit managers handle which drugs are covered and at what cost for millions of Americans with health insurance.
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HB4846: Better Deals and Lower Prices Act