Mandates pharmacy benefit managers (PBMs) pass through 100% of insulin rebates and other discounts received from manufacturers to plan sponsors, reducing perverse incentives in the insulin market that encourage high list prices and help patients in the form of reduced premiums.
Will require pharmacy benefit managers to pass through all insulin rebates and manufacturer discounts to plan sponsors.
Occurrences
Fourteen Senators from each party now cosponsor the Shaheen-led bill to lower insulin costs for Americans with and without insurance.
Evidence
Section 6702 is titled Full Rebate Pass Through to Plan. It requires pharmacy benefit management service contracts to remit 100 percent of rebates, fees, alternative discounts, and other remuneration related to drug utilization or spending to the group health plan or issuer acting on behalf of the plan.
Congress.gov lists H.R.7148 as a law and records that it passed the Senate on January 30, 2026, passed final House resolving action on February 3, 2026, and became Public Law No. 119-75 on February 3, 2026.
The Senate roll call for H.R.7148 as amended shows the bill passed 71-29 on January 30, 2026, and lists Shaheen (D-NH) as voting Yea.
The statute defines applicable entities to include drug manufacturers, rebate aggregators, group purchasing organizations, wholesalers, distributors, affiliates, and related third parties; it also defines plan sponsor by reference to ERISA.
S.2199 was sponsored by Sen. Shaheen and included insulin contracting requirements barring group plans, issuers, and contracted PBM entities from receiving manufacturer rebates, reductions in price, or other remuneration for certified insulin, but Congress.gov records it only as introduced and referred to Senate Finance.
Assessments
Public Law 119-75, enacted February 3, 2026 during Shaheen's 2021-2027 Senate term, includes Section 6702 requiring pharmacy benefit management service contracts to remit 100 percent of rebates, fees, alternative discounts, and other remuneration related to drug utilization or spending to group health plans or issuers acting on behalf of plans. That broad drug rebate pass-through requirement covers insulin rebates and manufacturer discounts in covered plans. Shaheen also voted for final Senate passage and had previously sponsored insulin-specific PBM rebate legislation, supporting candidate credit.