Key PBM reform package moves forward to full Senate vote
Yesterday was a big step for the Modernizing and Ensuring PBM Accountability Act, a PBM reform package supported by NCPA, which advanced in a bipartisan vote of 26-1 to a vote of the full Senate. The package contains several provisions to enhance transparency into PBM-insurer operations, improve patient access to community pharmacies, and ensure fair pharmacy reimbursements that are based on actual acquisition and dispensing costs. After a full Senate vote, the next stop would be consideration by the House of Representatives, although that timeline is unclear at this time.