Congressman Rick Allen, R-GA, introduced the PBM Kickback Prohibition Act this week – a signature component of President Donald Trump’s ‘Great Healthcare Plan.’ The legislation, Allen says, would rein in pharmacy benefit managers (PBMs) by ending kickbacks.
Allen, who serves as Chairman of the Health, Employment, Labor, and Pensions (HELP) Subcommittee, explained that the legislation would amend the Employee Retirement Income Security Act of 1974 (ERISA) to prohibit PBMs from paying kickbacks or referral fees to brokers, consultants, advisors, or similar intermediaries in exchange for directing employer health plan or insurer business to the PBM.
"The Trump Administration and House Republicans are laser-focused on lowering prescription drug prices and making health insurance more affordable,” said Allen. “The PBM Kickback Prohibition Act—a signature component of the President's 'Great Healthcare Plan'—would rein in PBMs by ending kickbacks that deceptively raise the cost of health insurance for patients, workers, and families. I thank Chairman Walberg for his support in introducing this bill and look forward to working with the administration and my colleagues to get it across the finish line.”
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