Bill · S. 3349· Senate(119-S-3349)
PBM Disclosure Act
- Introduced
- 12/4/2025
- Last activity
- 12/4/2025 — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Sponsored by
- Roger Marshall
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The PBM Disclosure Act aims to clarify requirements regarding the disclosure of compensation. It specifically addresses compensation received from entities providing pharmacy benefit management services or third party administration services. The bill amends the Employee Retirement Income Security Act of 1974 to include these specific service providers. Additionally, it directs the Secretary of Labor to create new regulations within 180 days to clarify these requirements. These regulations will apply to plan years starting at least six months after they are issued.
Yes· 3 of 7
Does this give people more protection from unfair business practices?+3
The bill increases transparency by requiring pharmacy benefit managers to disclose direct and indirect compensation.
Does this make what the government does easier for the public to see?+3
The bill enhances transparency by requiring the disclosure of compensation related to pharmacy benefit management services.
Does this lower the price of prescription medicines?+2
By requiring disclosure of compensation for pharmacy benefit management services, the bill aims to increase transparency in drug pricing and management.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Clarification of Compensation Disclosure: The bill adds pharmacy benefit management services and related third party administration services to the list of services where providers may reasonably expect to receive direct or indirect compensation (Section 2(a)). This provides clarity regarding the requirements for covered service providers.
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Regulatory Guidance: The Secretary of Labor is tasked with promulgating regulations through notice and comment rulemaking to clarify these requirements (Section 2(b)). This ensures there is official guidance on how the law applies to these specific service providers.
Potential Negative Impacts for People
- No specific negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+1Good For Low Income Households+1Good For Middle Class Households+1
- Economy And Finance
- Improves Consumer Protection+3
- Governance And Ideology
- Improves Government Transparency+3
- Healthcare
- Reduces Prescription Drug Costs+2Reduces Private Insurance Premiums+1
- 12/4/2025
- Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- 1 Cosponsor added.
- Introduced in Senate
Lisa Blunt RochesterDemocrat · Delaware