Bill
Bill > S657
US S657
US S657A bill to amend title XXVII of the Public Health Service Act to establish requirements with respect to prescription drug benefits.
summary
Introduced
03/05/2019
03/05/2019
In Committee
03/05/2019
03/05/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend title XXVII of the Public Health Service Act to establish requirements with respect to prescription drug benefits. This bill prohibits health insurers and contracted entities that provide pharmacy benefits management services from receiving a price reduction or other remuneration from prescription drug manufacturers. The prohibition does not apply if (1) the price reduction is reflected at the point-of-sale; and (2) the other remuneration is a transparent, flat service fee that the manufacturer pays in relation to pharmacy benefits management services.
AI Summary
This bill amends Title XXVII of the Public Health Service Act to establish requirements for prescription drug benefits. The bill prohibits health insurers and pharmacy benefit managers (PBMs) from receiving price reductions or other remuneration from drug manufacturers, unless the price reduction is reflected at the point of sale to the enrollee and any other remuneration is a transparent, flat service fee paid by the manufacturer for PBM services. This provision aims to increase transparency and ensure that any savings from drug manufacturers are passed on to consumers at the point of purchase. The bill takes effect on January 1, 2020.
Committee Categories
Health and Social Services
Sponsors (2)
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 03/05/2019)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/657/all-info |
| BillText | https://www.congress.gov/116/bills/s657/BILLS-116s657is.pdf |
| Bill | https://www.congress.gov/116/bills/s657/BILLS-116s657is.pdf.pdf |
Loading...