Congress introduces two new bills about PBM reform, drug pricing
The wheels are turning inside Congress to move against pharmacy benefit managers, or PBMs, and bring down the cost of prescription drugs — with legislation coming from both chambers earlier this week.
On Wednesday, a bipartisan group of senators introduced a bill that targets PBMs. Called the Patients Before Middlemen (PBM) Act, it was introduced by six US senators from both sides of the political aisle: Ron Wyden (D-OR), Bob Menendez (D-NJ), Jon Tester (D-MT), Mike Crapo (R-ID), Marsha Blackburn (R-TN) and Roger Marshall (R-KS).
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