WASHINGTON, D.C. – U.S. Senator Tim Kaine (D-VA), a member of the Senate Health, Education, Labor and Pensions (HELP) Committee, and colleagues introduced the bipartisan, bicameral PBM Fiduciary Accountability, Integrity, and Reform (FAIR) Act, legislation that would establish fiduciary responsibilities for pharmacy benefit managers (PBMs)—the middlemen of drug pricing—and require PBMs to act in the best interests of employees relying on employer-sponsored health plans, while keeping plan costs
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