Improving Transparency Into Pharmacy Benefit Manager Fee Disclosure
In briefFinal rule requiring pharmacy benefit managers to disclose their fees
SummaryThe Department of Labor issues a final rule requiring pharmacy benefit managers and affiliated brokerage and consulting providers to disclose their compensation to fiduciaries of large, self-insured group health plans under ERISA section 408(b)(2). The disclosures let fiduciaries assess whether service contracts and the providers' compensation are reasonable. The rule takes effect January 4, 2027 and applies to plan years beginning on or after July 1, 2027.
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