Understanding PBM Reform: A Guide to Congress’s Proposals to Enact Federal PBM Reform Legislation
In an upcoming webinar, Manatt Health will discuss the scrutiny that pharmacy benefit managers (PMBs) have come under from consumers, prescription drug manufacturers, and state and federal policymakers over the last decade. PBMs are third-party “middlemen” contracted by insurance plans to manage prescription drug benefits, including by negotiating prescription drug discounts with manufacturers. With Congress again attempting to lower the cost of prescription drugs, PBM reform has become the focus of their initiative.