This bill amends Medicare's prescription drug program to expand pharmacy access and choice for beneficiaries. Starting in 2028, it requires prescription drug plans to allow any willing pharmacy that meets reasonable contract standards to participate in their networks, rather than allowing plans to limit which pharmacies they work with. The bill directs the Secretary of Health and Human Services to establish standards for what constitutes reasonable and relevant contract terms between drug plans and pharmacies by April 2027, and requires the Secretary to gather input from stakeholders by January 2025 to inform those standards. The legislation aims to address concerns that some Medicare beneficiaries have limited pharmacy choices and that pharmacy reimbursement rates may not adequately cover costs.
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