Pipeline · Bill → Law
Step 1
Introduced
Jan 26, 2023
Step 2
Referred
Jan 26, 2023
Commerce, Science, and Transportation
Step 3
Committee
Mar 22, 2023
Reported out
Step 4
Senate
Dec 13, 2023
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill generally prohibits pharmacy benefit managers (PBMs) from engaging in certain practices when managing the prescription drug benefits under a health insurance plan, including charging the plan a different amount than the PBM reimburses the pharmacy. The bill also prohibits PBMs from arbitrarily, unfairly, or deceptively (1) clawing back reimbursement payments, or (2) increasing fees or lowering reimbursements to pharmacies to offset changes to federally funded health plans. PBMs are not subject to these prohibitions if they (1) pass along 100% of any price concession or discount to the health plan, and (2) disclose specified costs, prices, reimbursements, fees, markups, discounts,...
Timeline · 5 actions
Dec 13, 2023
Committee on Commerce, Science, and Transportation. Reported by Senator Cantwell with an amendment in the nature of a substitute. Without written report.
Dec 13, 2023
Placed on Senate Legislative Calendar under General Orders. Calendar No. 283.
Mar 22, 2023
Committee on Commerce, Science, and Transportation. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jan 26, 2023
Introduced in Senate
Jan 26, 2023
Read twice and referred to the Committee on Commerce, Science, and Transportation.