H.R. 4317: PBM Reform Act of 2025

H.R. 4317 is a federal bill in the 119th Congress. This legislation places strict new rules on pharmacy benefit managers, which act as middlemen between drug manufacturers, health plans, and pharmacies. The biggest changes ban spread pricing in Medicaid, prohibit pharmacy benefit managers from keeping… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.