President Donald Trump supports Congress enacting legislation that would prohibit "gag clauses," which prevent pharmacists from telling patients that paying with cash may be less expensive than using their insurance benefits.
Pharmacy benefit managers may write these orders into their contracts with pharmacies. Some states have already enacted their own legislation prohibiting the practice, though a federal ban is not currently in place.
Senator Susan Collins, a Republican representing Maine, introduced the bill in March. Pharmaceutical Care Management Association, the industry's lobbying group, supports the legislation.
The Trump administration has vowed to make prescription drugs more affordable. It unveiled a policy blueprint earlier this year aimed at tackling the issue. [Angelica Lavito CNBC]
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