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Sen. Crapo Introduces PBM Price Transparency and Accountability Act

Bailey Malota

WASHINGTON, Dec. 30 -- Sen. Mike Crapo, R-ID, has introduced the PBM Price Transparency and Accountability Act, aimed at reforming payment structures for pharmacies under Medicaid and Medicare. The legislation seeks to ensure accurate compensation for pharmacies, eliminate abusive pricing practices, and modernize accountability for pharmacy benefit managers (PBMs).

This bill arises from ongoing concerns over the financial challenges facing pharmacies, particularly independent ones, . . .

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