1. Enhancing PBM transparency requirements (a) In general Section 1150A of the Social Security Act ( 42 U.S.C. 1320b–23 ) is amended— (1) by striking subsection (a) and inserting the following: (a) Provision of information (1) In general The following entities shall provide the information described in subsection (b) to the Secretary and, in the case of an entity described in subparagraph (B) or an affiliate of such entity described in subparagraph (C), to the health benefits plan with which the entity is under contract, at such times, and in such form and manner, as the Secretary shall specify: (A) A health benefits plan. (B) Any entity that provides pharmacy benefits management services on behalf of a health benefits plan (in this section referred to as a PBM ) that manages prescription drug coverage under a contract with— (i) a PDP sponsor of a prescription drug plan or an MA organization offering an MA–PD plan under part D of title XVIII; or (ii) a qualified health benefits plan offered through an exchange established by a State under section 1311 of the Patient Protection and Affordable Care Act. (C) Any affiliate of an entity described in subparagraph (B) that acts as a price negotiator or group purchaser on behalf of such PBM, PDP sponsor, MA organization, or qualified health benefits plan. (2) Affiliate defined In this section, the term affiliate means any entity that is owned by, controlled by, or related under a common ownership structure with a PBM (including an entity owned or controlled by the PDP sponsor of a prescription drug plan, MA organization offering an MA–PD plan, or qualified health benefits plan for which such entity is acting as a price negotiator or group purchaser). ; (2) in subsection (b)— (A) in paragraph (2), by inserting and percentage after and the aggregate amount