WASHINGTON, D.C. (April 28, 2022) – The Pharmaceutical Research and Manufacturers of America (PhRMA) President and CEO Stephen J. Ubl released the following statement after the Centers for Medicare & Medicaid Services finalized the Notice of Benefit and Payment Parameters (NBPP) rule that includes policies to help lower out-of-pocket costs for patients:

“Today’s Biden Administration decision on standardized benefit designs is a win for patients by ensuring insurance works like it should. This will make a real difference in lowering costs at the pharmacy for patients who get their insurance from HealthCare.gov. These types of reforms help build a better health care system for everyone.”