Senate Commerce Passes PBM Transparency Bill, Employers Say It Falls Short

By Gabrielle Wanneh / March 23, 2023 at 11:51 AM
Employers say that a bill aimed at reining in deceptive pricing tactics and requiring more transparency from pharmacy benefit managers (PBMs), passed by the Senate Commerce Committee Wednesday (March 22), falls short of reforms needed by employer-sponsored health plans. The bill was drafted without any input from employers and fails to address issues related to drug rebates and the creation of various sub-organizations and entities by PBMs that may be capturing additional fees from drug makers, according to the Employers...

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