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This bill amends Medicare's prescription drug plan (Part D) regulations to require that any pharmacy meeting standard contract terms and conditions must be permitted to participate as a network pharmacy. The bill directs the Secretary of Health and Human Services to establish standards for what constitutes 'reasonable and relevant' contract terms by April 2027, with these standards taking effect for plan years beginning January 1, 2028. The Secretary must also issue a request for information by January 2025 to gather input on current contracting practices, pharmacy reimbursement adequacy, and other relevant factors.
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