S127-118

Reported

To prevent unfair and deceptive acts or practices and the dissemination of false information related to pharmacy benefit management services for prescription drugs, and for other purposes.

118th Congress Introduced Jan 26, 2023

At a Glance

Read full bill text

Legislative Progress

Reported
Introduced Committee Passed
Dec 13, 2023

Reported by Ms. Cantwell, with an amendment

Dec 13, 2023

Reported by Ms. Cantwell, with an amendment

Dec 13, 2023

Reported by Ms. Cantwell, with an amendment

Dec 13, 2023

Reported by Ms. Cantwell, with an amendment

Dec 13, 2023

Reported by Ms. Cantwell, with an amendment

Dec 13, 2023

Reported by Ms. Cantwell, with an amendment

Dec 13, 2023

Reported by Ms. Cantwell, with an amendment

Dec 13, 2023

Reported by Ms. Cantwell, with an amendment

Dec 13, 2023

Reported by Ms. Cantwell, with an amendment

Dec 13, 2023

Reported by Ms. Cantwell, with an amendment

Summary

What This Bill Does

Prohibits pharmacy benefit managers from spread pricing (charging plans more than reimbursing pharmacies) and arbitrary clawbacks of pharmacy payments. Increases prescription drug pricing transparency.

Who Benefits and How

Pharmacies protected from unfair PBM practices. Health plans know true drug costs. Consumers benefit from transparent pricing.

Who Bears the Burden and How

PBMs lose spread pricing revenue. PBM business model disrupted. Compliance requirements increased.

Key Provisions

  • Bans spread pricing by PBMs
  • Prohibits arbitrary clawbacks of pharmacy reimbursements
  • Prevents fee increases to offset federal program changes
Model: claude-opus-4
Generated: Jan 10, 2026 18:59

Evidence Chain:

This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.

Primary Purpose

Prohibits unfair PBM practices including spread pricing and clawbacks

Policy Domains

Healthcare Pharmacy PBM Regulation

Legislative Strategy

"Eliminate unfair PBM practices through prohibition"

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Healthcare Pharmacy PBM

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology