DOL Issues Final PBM Fee Disclosure Rule
The rule requires providers of pharmacy benefit management services to make detailed disclosures to fiduciaries of large, employer-sponsored self-insured health...
Tag: pharmacy benefit manager
DOL to Unveil PBM Transparency Rule on Thursday
During a Wednesday media briefing, a member of Congress and industry groups voiced support for the anticipated rule.
House Hearing Airs Partisan Rift Over Healthcare Costs
Democrats said that Medicaid and ACA reductions threaten workers while Republicans backed direct contracting as a way to lower employer...
Pharmaceutical Trade Group Files Lawsuits to Block State Laws on PBMs
Illinois and Tennessee’s separate laws allegedly interfere with governance by ERISA, according to the Pharmaceutical Care Management Association.
Congress Take Aim at Alleged Kickbacks in Hearing on PBMs
Democrat and Republican members alike criticized pharmacy benefit managers, who they say profit from driving up drug costs.
How Retirement Fiduciaries Can Help Health Plan Fiduciaries
Advisers’ deep knowledge of the fiduciary process can aid employers making sense of new disclosures from pharmacy benefit managers.
Increased Scrutiny of Health Plans Leaves Advisers Racing to Keep Up
Congress’ recent appropriations act and proposed Department of Labor guidance both push for greater transparency from pharmacy benefit managers.
How Will Fee-Disclosure Rules Impact PBMs?
The new federal reporting provisions for pharmacy benefit managers are more than a generic transparency mandate, according to Groom Law...
Congress Passes PBM Price Disclosure Measures
The new law requiring pharmacy benefit managers to explain prescription drug costs could impact a key factor in retirement readiness.
DOL Proposes Rule for PBMs to Disclose Fees to Fiduciaries
Fiduciaries overseeing self-insured employer health plans would receive these mandatory disclosures from pharmacy benefit managers.
Congress Introduces Bill to Make PBMs Fiduciaries
If passed, the legislation would require pharmacy benefit managers to act in the best interests of employees who rely on...
Employers Rank Health Care Cost Control as No. 1 Priority
The new top goal bumps talent attraction and retention down to third in an annual Brown & Brown study.
J&J Employee Benefits Case Dismissed for Second Time
A federal judge ruled that allegations of Johnson & Johnson’s mismanagement of employee health plans’ prescription drug benefits remained too...
California Bill on Pharmacy Benefit Manager Reform Gets ERIC Approval
The bill would in part prohibit a pharmacy benefits manager in California from requiring use of only an affiliated pharmacy.
What to Know About Pharmacy Benefit Managers
Experts speaking during a recent PLANSPONSOR Roadmap session discussed how pharmacy benefit managers drive the cost of prescription drugs and...
Trump Issues Executive Order About PBM Compensation
The executive order signed last week requires the Secretary of Labor to propose regulations to improve transparency into compensation of pharmacy benefit managers.