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Latest NewsPresident Trump Signs PBM Reform Into Law President Trump has signed into law provisions bringing federal reforms to PBM practices. The law requires the Centers for Medicare & Medicaid Services to define and enforce “reasonable and relevant” Medicare Part D contract terms; allows CMS to track payment trends to pharmacies and pharmacy inclusion in PBM networks, including a new designation of essential retail pharmacies; and prohibits PBM compensation in Medicare Part D from being tied to the manufacturer's list price of a drug in an effort to reduce drug prices and save money for taxpayers. Organizations that supported the passage of these provisions include the American Pharmacists Association (APhA), FMI – The Food Industry Association, the National Association of Chain Drug Stores (NACDS), the National Association of Specialty Pharmacy (NASP), the National Community Pharmacists Association (NCPA), and the National Grocers Association (NGA). [Consolidated Appropriations Act, 2026 (HR 7148); NCPA high level summary; NCPA in-depth review 03 Feb 2026.] |