WASHINGTON, Nov. 2 -- Employee Benefits Security Administration has issued a rule called: Improving Transparency Into Pharmacy Benefit Manager Fee Disclosure.
The rule was published in the Federal Register on Nov. 2 by Daniel Aronowitz, Assistant Secretary, Employee Benefits Security Administration, U.S. Department of Labor.
Summary: The Department is issuing a final regulation that will require providers of pharmacy benefit management services and affiliated providers of brokerage and consulting services to disclose information about their compensation to fiduciaries of large, self-insured group health plans subject to the Employee Retirement Income Security Act (ERISA). Pharmacy spending is a major driver of overall healthcare costs for...