Hill November 9, 2023
Legislation addressing Medicare payments and mental health and pharmacy benefit managers (PBMs) advanced through the Senate Finance Committee on Wednesday in a nearly unanimous vote.
Other than Sen. Ron Johnson (R-Wis.) who did not vote, 26 members of the panel voted to advance the package, adding to the bipartisan pressure for Congress to act on reforms to certain pharmacy intermediary business practices.
The PBM provisions passed Wednesday build on earlier legislation the committee passed in July and will “root out middlemen tactics that drive up health costs for patients and taxpayers,” Committee Chair Sen. Ron Wyden (D-Ore.) said in a statement.
“These measures steer America’s prescription drug market towards a state of rationality where the incentives are...
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