Bill > HR2679

This bill, the Pharmacy Benefits Manager Accountability Act, aims to increase oversight and transparency of pharmacy benefits manager (PBM) services. The key provisions include: 1. Requiring group health plans, health insurance issuers, and PBM entities to annually report detailed information to plan sponsors on drug costs, rebates, and utilization. This information must be provided in a machine-readable format. 2. Prohibiting contracts that limit the disclosure of information to plan sponsors in a way that prevents them from accessing the required reports. 3. Establishing civil monetary penalties for failure to provide timely information or providing false information. 4. Authorizing the Departments of Health and Human Services, Labor, and Treasury to enforce the reporting requirements. 5. Directing the Government Accountability Office to study pharmacy networks, network pricing arrangements, and the role of PBM-owned pharmacies. The overall goal is to provide plan sponsors and regulators with greater visibility into PBM practices and costs in order to improve accountability and oversight of the PBM industry.