HB6844: Ensuring PBM Competition Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend title XVIII of the Social Security Act to prohibit the Secretary of Health and Human Services from entering into contracts with PDP sponsors of prescription drug plans that have a contract with certain pharmacy benefits managers.
Plain-language summary
This bill would prevent the federal government from contracting with prescription drug plan sponsors if those sponsors also work with certain pharmacy benefits managers. Pharmacy benefits managers (PBMs) are companies that manage prescription drug benefits for insurance plans and employers. The bill targets situations where PBMs may reduce competition or limit patient choices in the prescription drug market. It amends Medicare's prescription drug program rules under Social Security law. The bill is currently in the introduction stage and has not yet been assigned to a .
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HB6844: Ensuring PBM Competition Act