House Health Panel Advances Legislation on PBM’s, Generic Drugs
May 18, 2023
The Energy and Commerce Health Subcommittee on Wednesday voted to advance a series of healthcare bills, largely on a bipartisan basis. The bills included reforms to the practices of pharmacy benefit managers (PBMs), improving access to generic drugs, and increasing transparency into the prices that hospitals, laboratories, and insurance companies charge.
Of particular interest to the life sciences community are measures that would:
In summarizing the subcommittee action, Chair Brett Guthrie (R-KY) noted that the package of 17 bills would make our healthcare system more transparent for patients and drive more competition and choice. Next stop – the full Energy and Commerce Committee.
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