President Signs Dingell Bill into Law to Bring Down Cost of Prescription Drugs
Today, President Trump signed a bipartisan bill Congresswoman Debbie Dingell (MI-12) led through committee and the House that bans the practice of prohibiting pharmacists from telling patients when less-expensive options to pay for prescription drugs may be available.
Currently, Pharmacy Benefit Managers (PBMs) are able to include requirements in contracts that prevent pharmacists from providing advice to their patients on the best and cheapest out-of-pocket alternatives to medications covered under insurance. This is commonly known as a "gag clause." As a result, patients may be paying more for their prescriptions than is warranted.
Today, President Trump signed the Patient Right to Know Drug Prices Act, and the Know the Lowest Price Act which are companions to The Know the Cost Act, sponsored by Congressman Buddy Carter (R-GA) with Dingell as an original cosponsor. The bill prohibits group health plans offered by employers and individual health insurance plans, as well as Medicare Advantage and Medicare Part D Plans, from restricting a pharmacy’s ability to inform a patient about the lower cost, out-of-pocket price options for their prescription. Additionally, the measure will require notifications to Medicare beneficiaries of the potential outcomes of paying out-of-pocket rather than with insurance. Dingell supported the bill as it went through the Energy and Commerce Committee in September.