Rule

Improving Transparency Into Pharmacy Benefit Manager Fee Disclosure

Labor Department / Employee Benefits Security Administration

Federal Register summary (shortened to 600 characters)

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 employers and is growing faster than medical and surgical spending. These disclosure requirements apply for purposes of ERISA's statutory prohibited transaction exemption for service…

Read on FederalRegister.gov Official PDF (GovInfo)

Ohio Newsline lists this document because the Federal Register's own full-text search finds "Ohio" in it (the title and summary do not name Ohio). Nothing here is legal advice; the official text governs.