WASHINGTON, DC – Senators James Lankford (R-OK), John Kennedy (R-LA), Jon Tester (D-MT), Bill Cassidy M.D. (R-LA), Shelley Moore Capito (R-WV), Sherrod Brown (D-OH), Steve Daines (R-MT), Joe Manchin (D-WV), Kevin Cramer (R-ND), Cindy Hyde-Smith (R-MS), and Roger Wicker (R-MS) introduced the bipartisan Phair Relief Act to lower drug costs for seniors and improve financial certainty for community pharmacies.

“The Phair Relief Act gives us the chance to resolve in law many of the issues we’ve debated during Senate Finance Committee hearings regarding PBMs and their interactions with pharmacies and patients,” said Lankford. “Drug price variance and a lack of relief from ever-increasing prices continues to frustrate patients from my state, but local pharmacies have been limited by PBM fees, rules, and cost issues. I am proud to join my colleagues in offering a proposal today that puts forward a broad set of common-sense reforms that will help solve some of those issues and set us on a path to address rising drug prices in our nation. I look forward to the bill’s full consideration.”

Lankford is a member of the Finance Committee, which has partial jurisdiction over health care, including Medicare and Medicaid.