HELP Committee advances transparency bill

The Senate Health, Education, Labor and Pensions Committee Wednesday added the Fair Accountability and Innovative Research Drug Pricing Act, a bill that would force drug companies to make extensive disclosures to justify price increases, to the bipartisan Lower Health Care Costs Act (S. 1895).

The HELP Committee passed S. 1895 Wednesday in a 17-3 vote, and given its bipartisan support, the full Senate is likely pass it. The bill may be modified prior to the vote, which is expected in July (see “Committee Passes Bill Squeezing PBMs”). ...