PBM Reporting Transparency Act

This bill would require the Medicare Payment Advisory Commission (MedPAC) to send Congress two reports on agreements with pharmacy benefit managers for Medicare prescription drug plans and Medicare Advantage drug plans. The first report would be due by the first March 15 that comes at least 2 years after the Secretary makes the data available to the Commission. It would describe trends, analyze how differences in agreements affect enrollee out-of-pocket costs and pharmacy payments, and include any recommendations. A final report would be due within 2 years after the first, describing changes over time.

Full text and official record on Congress.gov

Sponsors

• Mark R. Warner Democrat sponsor
• 3 cosponsors