PBM Kickback Prohibition Act
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Summary
This bill amends the Employee Retirement Income Security Act (ERISA) to prohibit pharmacy benefit managers (PBMs) from paying kickbacks to brokers, consultants, advisors, or other individuals in exchange for referrals of plan business. The prohibition applies to contracts between employee benefit plans and PBMs for pharmacy benefit management services and takes effect for plan years beginning after enactment.
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