,,ii #aaeth ,,congress #b;d ,session ,s4 #beec ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #ad1 #bjah ,ms4 ,stabenow 7for herself1 ,ms4 ,collins1 ,mr4 ,wyden1 ,mr4 ,cassidy1 ,mrs4 ,mc,caskill1 and ,mr4 ,barrasso7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend title ,,xviii of the ,social ,security ,act to prohibit health plans and pharmacy benefit managers from restricting pharmacies from informing individuals regarding the prices for certain drugs and biologicals4 #a4 ,short title ,this ,act may be cited as the ,know the ,lowest ,price ,act of #bjah4 #b4 ,prohibition on limiting certain information on drug prices 7a7 ,in general ,section #ahfj;,d-#d of the ,social ,security ,act 7#db ,u4,s4,c4 #aciew-#ajd7 is amended by adding at the end the following new subsection3 7m7 ,prohibition on limiting certain information on drug prices ,a ,,pdp sponsor and a ,medicare ,advantage organization shall ensure that-- 7#a7 any health benefits plan offered by the sponsor or organization1 including a prescription drug plan and an ,,ma-,,pd plan1 does not restrict a pharmacy that dispenses a prescription drug or biological from informing 7or penalize such pharmacy for informing7 an enrollee of any differential between the price of the drug or biological to the enrollee under the plan and the price the individual would pay for the drug or biological if the enrollee obtained the drug without using any health insurance coverage2 and 7#b7 any entity that provides pharmacy benefits management services under a contract with any health benefits plan offered by the sponsor or organization does not1 with respect to such plan or any health benefits plan that the entity contracts with to provide pharmacy benefits management services and that is offered by an entity other than such sponsor or organization1 restrict a pharmacy that dispenses a prescription drug or biological from informing 7or penalize such pharmacy for informing7 an enrollee of any differential between the price of the drug or biological to the enrollee under the plan and the price the individual would pay for the drug or biological if the enrollee obtained the drug without using any health insurance coverage4 4 7b7 ,effective date ,the amendment made by subsection 7a7 shall apply to plan years beginning on or after ,january #a1 #bjbj4