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PBM Reform Bill Reducing Cost Sharing In Part D Clears Senate Panel Without Biosimilar Policies

 
• By Cathy Kelly

Finance Committee is hoping to attach pharmacy benefit manager reform legislation to end-of-year budget legislation but the prospect is unpredictable at this point.

Bill Seeks PBM Reforms That Produce Savings At The Pharmacy Counter • Source: Shutterstock

The Senate Finance Committee unanimously approved legislation to block pharmacy benefit manager practices that result in higher cost-sharing for beneficiaries on 8 November.

The bill does not include provisions were included in an earlier draft that would ensure “high discount” biosimilars get favorable...

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