SB2254: Medicare PBM Accountability Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend title XVIII of the Social Security Act to establish pharmacy benefit manager reporting requirements with respect to prescription drug plans and MA-PD plans under Medicare part D.
Plain-language summary
This bill would require pharmacy benefit managers (PBMs)—companies that manage prescription drug benefits for insurance plans—to report detailed information to Medicare about how they operate. The reporting would cover prescription drug plans and Medicare Advantage plans with drug coverage (called MA-PD plans). These companies would have to disclose data about drug pricing, rebates, and how they manage which drugs are covered. The bill is currently at the early stage where it has just been introduced in Congress.
AI-generated summary
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SB2254: Medicare PBM Accountability Act
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Sponsors
Catherine Cortez Masto
Primary SponsorCo-sponsors (3)
Thom Tillis
Ron Wyden
Mike Crapo