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Senate Finance Committee targets PBM reform in new legislation

In a unanimous 26-0 vote, the Senate Finance Committee passed a comprehensive draft package this week that puts pharmacy benefit manager reform and mental health in the spotlight.

The Better Mental Health Care, Lower-Cost Drugs, and Extenders Act would introduce more transparency and regulation to PBMs, and pharmacies would be required to report costs for medications. The act would essentially be paired with provisions in the Modernizing and Ensuring PBM Accountability Act (MEPA), which passed earlier this year.


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