WASHINGTON, D.C. – Rep. Jodey Arrington introduced the Better Deals and Lower Prices Act, legislation to arm employers with the information they need to make informed contracting decisions with PBMs, and lower the premiums of working-class families across the country.
Currently, PBMs are able to shield much of their information and prices, preventing employers from making informed decisions on who can get them the best deals for their employees on coverage.
“While America leads in medical innovation and ingenuity, our health care delivery system has fundamental flaws that disadvantage patients and taxpayers alike. By increasing transparency on prescription drug prices, we empower consumers to make informed decisions, inject much-needed competition into the health care market; and ensure taxpayer dollars are being spent in the most cost-effective manner,” said Rep. Arrington. “I’m proud to introduce the Better Deals and Lower Prices Act to arm job creators with the information they need to get the best deal possible and lower prices for their employees, while driving down premiums, and reducing health care costs across the board.”
“Pharmacy benefit managers have come under close scrutiny for how well they truly manage prescription drug benefits for consumers,” said Ways and Means Committee Chairman Jason Smith. “Employers deserve more transparency over how these middlemen operate, so they can better compare options and find competitive offers that meet the needs of their...
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