Insights

Transparency Rising, the trade association led by transparent, pass-through pharmacy benefit managers, today welcomed the U.S. Department of Labor’s final rule on pharmacy benefit manager fee disclosures, released at an event with CMS Administrator Dr. Mehmet Oz, Labor Secretary Keith Sonderling, and industry leaders. The rule gives self-insured employers greater visibility into what their pharmacy benefit manager and its affiliates are paid, with detailed reporting and the right to audit it. “Congress said 100 percent of rebates belong to the employer. This rule honors that and bolsters the landmark PBM reforms Congress passed earlier this year. The value of sunshine isn’t just the light, it’s the heat,” said Joseph Shields, CEO of Transparency Rising. “Employers need more than promises...