Prescription Drug Transparency and Affordability Act

Hozzl · 2025-04-23T13:32:07Z

Explore the details of House Bill 2450 Prescription Drug Transparency and Affordability Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Health. Stay informed on legislative developments.

4/23/2025, 1:32 PM

Summary of Bill HR 2450

Bill 119 HR 2450 aims to make changes to the Public Health Service Act, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code of 1984 in order to enhance supervision of pharmacy benefit management services. Pharmacy benefit management services are entities that administer prescription drug benefits for health insurance plans.

The bill seeks to increase transparency and accountability in the pharmacy benefit management industry by requiring these entities to disclose information about their pricing practices, rebates, and discounts. This information would help ensure that patients are receiving the best possible prices for their prescription medications.

Additionally, the bill includes provisions to protect patients from surprise billing practices by requiring pharmacy benefit managers to provide clear and accurate information about out-of-pocket costs for prescription drugs. This would help patients make more informed decisions about their healthcare and avoid unexpected expenses. Overall, Bill 119 HR 2450 aims to improve oversight of pharmacy benefit management services in order to promote greater transparency, affordability, and accessibility in the healthcare system.

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Current Status of Bill HR 2450

Bill HR 2450 is currently in the status of Bill Introduced since March 27, 2025. Bill HR 2450 was introduced during Congress 119 and was introduced to the House on March 27, 2025. Bill HR 2450's most recent activity was Referred to the Committee on Energy and Commerce, and in addition to the Committees on Education and Workforce, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of March 27, 2025

Bipartisan Support of Bill HR 2450

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2450

Primary Policy Focus

Health

Alternate Title(s) of Bill HR 2450

To amend the Public Health Service Act, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code of 1984 to increase oversight of pharmacy benefit management services, and for other purposes.