Welch and Marshall Introduce Legislation to Cut Costs for Medicaid, Protect Independent Pharmacies, and Curb Abusive Practices From PBMs
April 05, 2023
April 05, 2023
WASHINGTON, April 5 -- Sen. Peter Welch, D-Vermont, issued the following news release:
Senator Peter Welch (D-VT) and Senator Roger Marshall (R-KS) announced the introduction of the Drug Price Transparency in Medicaid Act of 2023, legislation to limit abusive pricing practices by pharmacy benefit managers (PBMs), including the use of a technique called 'spread pricing,' where PBMs charge Medicaid more than they pay pharmacies for a particular drug. In so doing, PBMs increa . . .
Senator Peter Welch (D-VT) and Senator Roger Marshall (R-KS) announced the introduction of the Drug Price Transparency in Medicaid Act of 2023, legislation to limit abusive pricing practices by pharmacy benefit managers (PBMs), including the use of a technique called 'spread pricing,' where PBMs charge Medicaid more than they pay pharmacies for a particular drug. In so doing, PBMs increa . . .