Pharmacy benefit managers aren't happy with new legislation introduced by a House subcommittee chairman this week.

H.R. 4489, introduced by Rep. Stephen Lynch, D-Mass., would give the Office of Personnel Management greater oversight of pharmacy benefit managers participating in the Federal Employee Health Benefits Program (FEHBP).

The bill would give greater oversight authority for prescription drug pricing and contracting methods for the Federal Employee Health Benefits Program (FEHBP), according to Dow Jones Newswires.

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