Coalition Reacts to U.S. Senators Cantwell, Grassley Reintroducing PBM Transparency Bills

Washington, D.C. (January 27, 2023) – Today, following Senators Maria Cantwell (D-WA) and Chuck Grassley (R-IA) reintroducing the Pharmacy Benefit Manager Transparency Act, the Coalition for PBM Reform released the following statement:

“Pharmacy Benefit Managers (PBMs) have long leveraged their position as the gatekeeper between drugmakers and the consumer market to inflate the cost of prescription drugs by billions of dollars per year. The Pharmacy Benefit Manager Transparency Act, reintroduced by U.S. Senators Maria Cantwell and Chuck Grassley, would mark a significant step in curbing PBMs’ predatory practices that leave patients struggling to afford life saving medications. The Coalition for PBM Reform applauds Senators Cantwell and Grassley for their efforts and urges Senate leadership to take quick action in supporting this bill.”