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PBM Transparency in Prescription Drug Costs Act
10/28/2022, 1:46 AM
Congressional Summary of HR 5304
PBM Transparency in Prescription Drug Costs Act
This bill requires group health plans or the pharmacy benefits manager (PBM) for the plans to periodically report certain prescription drug pricing and utilization data; it also requires PBMs to pass on to health plans all rebates and discounts received from drug manufacturers.
Read the Full Bill
Current Status of Bill HR 5304
Bill HR 5304 is currently in the status of Bill Introduced since December 4, 2019. Bill HR 5304 was introduced during Congress 116 and was introduced to the House on December 4, 2019. Bill HR 5304's most recent activity was Referred to the Subcommittee on Health. as of December 5, 2019
Bipartisan Support of Bill HR 5304
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5304
Primary Policy Focus
HealthPotential Impact Areas
- Business records
- Employee benefits and pensions
- Health care costs and insurance
- Health information and medical records
- Prescription drugs
- Right of privacy
Alternate Title(s) of Bill HR 5304
PBM Transparency in Prescription Drug Costs Act
To amend title XXVII of the Public Health Service Act to require health plan oversight of pharmacy benefit manager services, and for other purposes.
PBM Transparency in Prescription Drug Costs Act
Comments
Sponsors and Cosponsors of HR 5304
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