HR 4846
Better Deals and Lower Prices Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
The Better Deals and Lower Prices Act aims to increase transparency and oversight of pharmacy benefit managers (PBMs). It requires PBMs and health plans to report detailed information about prescription drug spending, including drug costs, rebates, and copay assistance. The bill also establishes penalties for failing to comply with reporting requirements and directs the GAO to investigate pharmacy network practices. Ultimately, the goal is to promote competition and potentially lower drug prices for consumers.
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