S 4509 · 119th Congress

PBM Act

This bill, called the Patients Before Monopolies Act (PBM Act), aims to break up large companies that own both pharmacy benefit managers (PBMs) and pharmacies at the same time. Pharmacy benefit managers are the middlemen in the drug supply chain—they decide which drugs insurance plans will cover, negotiate drug pric…

Sponsor

Warren, Elizabeth (D-Massachusetts)

Introduced

2026-05-13