Trump-backed bill to soon give Americans access to cheap prescription drugs

PBMs process prescriptions for insurers and large employers

A bill backed by President Donald Trump that will allow pharmacists to tell patients about the cheapest way to pay for prescription drugs at the counter won approval in the House of Representatives Tuesday.

The legislation, already passed by the Senate, bars insurers and pharmacy-benefit managers, or PBMs, from prohibiting pharmacists from telling patients they could potentially save money by paying cash instead of an insurance copayment.

The bill was introduced in response to a PBM industry practice called clawbacks. That happens when a patient goes to pick up a drug at the pharmacy and hands over a copayment set by their