Allows physicians to dispense Medicare Part D outpatient prescription drugs from their own practices, creating an exception to the physician self-referral ban for 2026 through 2030.

• Creates an exception to the physician self-referral prohibition for covered Part D drugs furnished from January 1, 2026, through December 31, 2030.
• Requires an ongoing patient relationship and at least one in-person visit within the prior year, and limits billing to the physician, their group practice, or a wholly owned entity.
• Directs the Comptroller General to study pharmacies whose Part D dispensing grows significantly after enactment and physician-owned dispensing arrangements, with a report due within 3 years.
• Reduces the Medicare Improvement Fund amount in Social Security Act section 1898(b)(1) from $1,804,000,000 to $1,786,000,000.

• Ways and Means Committee (House)
• Energy and Commerce Committee (House)

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