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S. Rept. 118-122 1 (2023-12-07)

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Calendar No. 266


118TH CONGRESS
   1st Session J


SENATE


I


REPORT
118-122


         THE  MODERNIZING AND ENSURING PBM
                   ACCOUNTABILITY ACT



               DECEMBER 7, 2023.-Ordered to be printed



          Mr. WYDEN, from the Committee on Finance,
                   submitted the following


                      R  E  P  O  R T

                      [To accompany S. 2973]

  The Committee  on Finance, to which was referred the bill (S.
2973) to amend titles XVIII and XIX of the Social Security Act to
establish requirements relating to pharmacy benefit managers
under Medicare and Medicaid programs, and for other purposes, re-
ports favorably thereon with an amendment, in the nature of a
substitute, and that the bill, as amended, do pass.
                          CONTENTS


I. LEGISLATIVE BACKGROUND  .....................................................................
II. EXPLANATION OF THE BILL ......................................................................
III. BUDGET EFFECTS OF THE BILL ...............................................................
IV. VOTES OF THE COMMITTEE                 ......................................................................
V. REGULATORY  IMPACT AND OTHER MATTERS .....................................
VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED


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              I. LEGISLATIVE   BACKGROUND
  The Committee  on Finance, having considered S. 2973, a bill to
amend  titles XI, XVIII, and XIX of the Social Security Act to lower
prescription drug prices and strengthen safeguards related to pre-
scription drugs, and for other purposes, reported favorably thereon
that the bill as modified by the Committee do pass.


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