PBM FAIR Act

# PBM FAIR Act Summary **What It Would Do:** The PBM FAIR Act targets Pharmacy Benefit Managers (PBMs)—companies that act as middlemen between health insurers, pharmacies, and patients. The bill aims to increase transparency and competition in how PBMs operate, though specific provisions aren't detailed in the available information. Generally, such legislation typically addresses concerns about PBMs controlling drug prices, their profit practices, and their relationships with pharmacies and insurers. **Who It Affects:** This bill would impact several groups: patients paying for prescription medications, health insurance companies, retail and mail-order pharmacies, drug manufacturers, and the PBM industry itself.

Many patients and pharmacy groups have complained that PBM practices increase medication costs and limit pharmacy choices. **Current Status:** The bill was introduced in the 119th Congress by Senator Roger Marshall (R-KS) and is currently in committee, meaning it hasn't yet been debated or voted on by the full Senate. For more detailed information about the specific provisions and requirements in the bill, you would need to review the full legislative text.