HR 6856
Prescription Drug Rebate Reform Act of 2023
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- Passed House
- Passed Senate
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Bill overview
This bill, the Prescription Drug Rebate Reform Act of 2023, aims to lower prescription drug costs for consumers by reforming how rebates are handled. It requires health plans to base enrollee cost-sharing (like coinsurance and deductibles) on the ‘net price’ of drugs – the actual cost paid after rebates – rather than the list price. The bill also allows for copayments while preventing them from being tied to a percentage of the drug’s cost. The changes will take effect for plan years starting January 1, 2025.
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Primary sponsor
Mike Gallagher
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