Managed Healthcare Executive September 6, 2023
PBM transparency and data reporting requirements are likely to be part of a larger healthcare bill that Congress will work on this fall.
Any federal bill regulating the pharmacy benefit management (PBM) industry that makes it Pres. Joe Biden’s desk will likely be focused on transparency issues and not on providing broad changes to the industry, according to speakers at the Pharmacy Benefit Management Institute’s annual conference in Orlando.
Over the last two legislative sessions, many bills have been introduced in the both the House and the Senate. But there are four bills that are important to watch, said Patrick Cooney, president, The Federal Group. “On the heels of the Inflation Reduction Act, PBM legislation has blossomed,” he said.
The...
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