Prescription Drug Supply Chain Pricing Transparency Act
S 2198, the Prescription Drug Supply Chain Pricing Transparency Act, directs the Government Accountability Office (GAO) to study how intermediaries in the prescription drug supply chain (like pharmacy benefit managers, insurers, wholesalers, and pharmacies) are paid for services related to drug prices. The GAO must examine fee structures based on drug prices (such as percentage-based fees), potential conflicts of interest, and trends in these practices across different market segments. The study will cover entities including PBMs, drug manufacturers, and rebate negotiators, and must be completed within two years of the bill's enactment. The GAO will then report its findings and recommendations to Congress, but the bill itself does not change current pricing rules or impose new requirements on the industry.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2023
Committee Review
Floor Vote
President
Introduced Jun 22, 2023
Last action Jun 22, 2023
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Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 22, 2023
Committee
Read twice and referred to the Committee on Finance.
upper
Jun 22, 2023
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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