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Scoop: Wyden, Crapo to call for PBM action

Sens. Wyden and Crapo at the Capitol

Wyden and Crapo. Photo: Drew Angerer/Getty Images

Senate Finance Chair Ron Wyden and Ranking Member Mike Crapo are making a late push to include PBM reforms in the next government funding package.

Why it matters: Proposed changes to PBM business practices have been a bipartisan rallying point, but divisions over whether to apply them to the private insurance market or just to Medicare kept any changes out of the first minibus.

Driving the news: Wyden and Crapo will hold a press conference Thursday in which they're expected to call for action on PBMs with the second government funding package facing a March 22 deadline, sources said.

  • The Finance Committee previously advanced a package that would have changed the way PBMs are paid in Medicare, by no longer tying compensation to the price of drugs.
  • It is unclear if Wyden and Crapo will explicitly call for including the measures in the next minibus, but the timing of the press conference indicates that is their hope.

Reality check: The effort still faces big hurdles and any final product would need sign offs from the Senate HELP Committee and the House.

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