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Senate HELP Panel PBM Bill Requires Rebate Pass-Through, But Not To Plan Members

 
• By Cathy Kelly

Bipartisan legislation announced by Sens. Sanders and Cassidy also emphasizes pharmacy benefit manager transparency and bans spread pricing.

Bill Seeks More Transparency But Doesn't Seek To Upend Rebates • Source: Shutterstock

Pharmacy benefit manager reform legislation co-authored by Senate Health, Education, Labor and Pensions Committee chair Bernie Sanders, I-VT, and ranking members Bill Cassidy, R-LA, addresses the hot-button issue of rebates but not in the way biopharma manufacturers are hoping for.

It would require PBMs to remit “100% of rebates, fees, alternative discounts and other remunerations received … that are related...

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