Today: Dec 17, 2024

Congress nears deal to rein in PBMs after years of discussion

Congress nears deal to rein in PBMs after years of discussion
December 17, 2024



WASHINGTON — After two years of haggling, Congress has just about reached a deal to rein within the drug-industry middlemen referred to as pharmacy receive advantages managers.

Lawmakers agreed to increase telehealth flexibilities, fund public well being techniques, and enact those main PBM adjustments as a part of a central authority investment package deal they’re making plans to cross sooner than the top of the yr, consistent with 4 well being care {industry} resources and two congressional aides. The language of the federal government investment package deal has now not been publicly launched, and may nonetheless exchange.

Passage of rules to deal with pharmacy middlemen has been the highest precedence of the pharmaceutical {industry}, specifically when they suffered a stinging defeat when Democrats handed their drug pricing regulation in 2022. The pharma {industry} spent thousands and thousands on promoting to advertise PBM law, and it sounds as if it is going to get maximum of what it sought after. 

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Congress nears deal to rein in PBMs after years of discussion

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