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PROTECT 340B Act of 2023

Source: Congress.gov  ·  2,812 words in original text
This bill stops health insurance companies, pharmacy benefit managers (companies that manage prescription drug benefits for insurance plans), and Medicare prescription drug plan sponsors from treating hospitals and clinics that participate in the 340B drug discount program differently than other pharmacies and providers. The bill also creates penalties for pharmacy benefit managers that break these new rules and sets up a system to prevent double discounting of drugs under Medicaid. ##
- Hospitals, clinics, and health centers that participate in the 340B drug discount program - Pharmacies that partner with these hospitals and clinics - Pharmacy benefit managers (companies that manage drug benefits) - Health insurance companies offering group and individual coverage - Medicare Part D prescription drug plan sponsors - State Medicaid agencies - Patients who use 340B drugs ##
- Insurance companies and pharmacy benefit managers cannot pay 340B covered entities or their contract pharmacies less money for the same drugs than they pay other pharmacies, and cannot require special identification of 340B drugs (Sec. 3(a)) - Insurance companies and pharmacy benefit managers cannot impose different fees, audit requirements, or network restrictions on 340B pharmacies compared to other pharmacies unless those same restrictions apply to all similar pharmacies (Sec. 3(a)) - Pharmacy benefit managers that violate these rules face civil monetary penalties of up to $5,000 per violation per day, with the Secretary required to issue regulations within 60 days and finalize them within 180 days (Sec. 3(a)) - These same protections apply to Medicare Part D prescription drug plans and Medicare Advantage plans (Sec. 3(b)) - The Secretary must contract with a third party to review Medicaid claims and prevent duplicate discounts on 340B drugs within one year of enactment (Sec. 3(c)) - Covered entities must provide claims data to the contracted third party upon request, and states must allow retrospective data submission instead of requiring real-time identification at the point of sale (Sec. 3(c)) ##
Insurance companies, pharmacy benefit managers, and Medicare drug plan sponsors must treat 340B covered entities and their contract pharmacies the same as other pharmacies and providers in terms of payment rates, fees, network participation, and audit requirements. They cannot refuse to contract with these entities based solely on their 340B status or require them to identify 340B drugs. Federal agencies will impose financial penalties on pharmacy benefit managers that violate these rules. States will also work with a contracted third party to prevent Medicaid from paying duplicate discounts on the same 340B drugs. ##
- **340B drug**: A prescription drug purchased under an agreement with the 340B discount program that qualifies as a covered outpatient drug (Sec. 3(a)) - **Covered entity**: Organizations defined in existing section 340B law, which includes qualifying hospitals, clinics, and health centers (Sec. 3(a)) - **Specified pharmacy**: A pharmacy that has a contract with a covered entity to dispense 340B drugs either in person or by mail (Sec. 3(a)) - **Pharmacy benefit manager**: A company that manages prescription drug benefits for health plans (Sec. 3(a)) ##
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.