House passes sweeping healthcare price transparency reforms, reining in PBM practices

The House on Mon­day evening passed a wide-rang­ing bill that aims to make the health­care in­dus­try more trans­par­ent, in­clud­ing amp­ing up re­port­ing re­quire­ments for in­sur­ers and ban­ning spread pric­ing for phar­ma­cy ben­e­fit man­agers.

The 243-page bill, which was passed by a vote of 320-71 un­der sus­pen­sion of the rules, was the cul­mi­na­tion of work be­tween the lead­ers of mul­ti­ple com­mit­tees and marks a ma­jor step for­ward in the bi­par­ti­san push to rein in PBMs.

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