HR 4489 To Require Oversight For Federal Employee Prescription Drug Negotiation

Last week, Rep. Stephen Lynch (D-MA) introduced a bill that would require OPM oversight of Pharmacy Benefits Managers when they negotiate with drug companies for federal employees.  Currently, there is little oversight of this process.

Because of a lack of oversight, OPM cannot determine whether rebates from pharmaceutical companies are being passed on to the government or federal employees, and these rebates can be as high as 50%.  HR 4489 also would prevent Pharmacy Benefits Managers from requiring federal employees to use less expensive prescription drug alternatives without their physicians’ approval.

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