118th Congress Health
S. 1967: PBM Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill prohibits pharmacy benefit managers (PBMs) under the Medicare prescription drug benefit or Medicare Advantage from receiving any income for their services other than bona fide service fees.
Specifically, PBMs may not receive any income other than flat, bona fide service fees that are specified in their contracts with prescription drug plan (PDP) sponsors. Such fees may not be based on drug prices, discounts, rebates, or any other remuneration. PBMs must turn over any excess amounts they receive to the Centers for Medicare & Medicaid Services. PDP sponsors and PBMs must annually certify their compliance with these requirements.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Marsha Blackburn R-TNOriginal
- Michael Crapo R-IDOriginal
- Roger Marshall R-KSOriginal
- Jon Tester D-MTOriginal
- Ron Wyden D-OROriginal
- Cory Booker D-NJ
- James Lankford R-OK
Who scored on this bill
- 1Robert Menendez SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Robert Menendez
History
- Introduced in the Senate by Robert Menendez.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.