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06/08/2022
Pharmacy Benefit Manager Transparency Act of 2022 Introduced
On May 24, 2022, a bipartisan duo of Senators introduced legislation to crack down on certain pharmacy benefit manager (PBM) practices, including spread pricing. The Pharmacy Benefit Manager Transparency Act of 2022 is sponsored by Senator Chuck Grassley and Senator Maria Cantwell and would empower the Federal Trade Commission (FTC) to increase drug pricing transparency and hold PBMs accountable for “unfair and deceptive practices” that increase consumer costs of prescription drugs. READ MORE
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