PBM Accountability Project Urges Congressional Leaders to Prioritize PBM Reforms in Budget Reconciliation

The PBM Accountability Project Managing Director Mark Blum today sent a letter to Congressional leadership calling for the inclusion of meaningful Pharmacy Benefit Manager (PBM) reform provisions in the final budget reconciliation bill.

As outlined in the letter, the reforms would:

• End PBM spread pricing practices that inflate costs for plan sponsors and patients

• De-link PBM compensation from drug prices, removing incentives to favor higher-cost drugs

• Ensure negotiated discounts and rebates are passed on to patients at the pharmacy counter

The letter states, "We urge you to use this budget reconciliation process to make clear that these predatory practices must come to an end so Americans can begin paying a fair price for prescription drugs.”

To read the full letter, click here.