Strong House Vote On PBM, Generics Bill Sets Stage For Early 2024 Action

 
• By Sarah Karlin-Smith
  
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Easy House passage of a health package that includes PBM reforms and policies to help generic drug makers likely creates enough momentum to spur bicameral action. Overall policy still a work in progress – presenting last-minute opportunities for other drug pricing reforms to get tacked on.

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The House of Representatives easily cleared a PBM reform bill on 11 December. • Source: Shutterstock

The US House of Representatives easily cleared a health care package that includes pharmacy benefit management reform and measures to help generic drug companies on 11 December, giving the policy goals a necessary momentum boost needed to help them hitch a ride on the government funding bill lawmakers will need to pass by 19 January 2024 to keep certain parts of the government open.

A Senate Finance Committee spokesperson told the Pink Sheet not to expect any Senate action on the topic before the...

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