Spending Bill Tumult Leaves PBM Reform on Cutting-Room Floor
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Dec 24, 2024
In a development that sparked frustration among some industry stakeholders, an agreement to pass a government spending bill that contained significant PBM reforms collapsed late last week. Congress ultimately passed a pared-down spending bill just in time to avert a government shutdown, but that left PBM critics wondering when reform policies with bipartisan backing will ever make it into law.
“Probably late Wednesday, it looked like it was in and a done deal, and then the entire package…fell apart,” lamented Joe Shields, managing director of Transparency-Rx.
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