It’s no secret that Americans today are required to fork over more on healthcare services than ever before. In 2021, U.S. healthcare spending grew to $4.3 trillion, or $12,914 per person. This marked a 2.7% year-over-year increase and brings aggregate spending to 18.3% of GDP.
A coalition of nearly 2,000 employers, patient advocates, pharmacies, providers and businesses sent a letter to Congress on Wednesday urging the passage of legislation that would reform PBM practices.
Below is a table of currently pending PBM (Pharmacy Benefit Manager)-reform legislation, featuring brief descriptions, links to the texts, and additional information about each bill. We.
Although each bill included in the table has a chance to become law, the vast majority of bills in this table will not be enacted in their current forms. Nevertheless, the sheer volume of legislation addressing PBM practices is noteworthy.