Trump administration finalizes rule requiring drug middlemen to disclose payments
The Washington Post reports pharmacy benefit managers must reveal what they pay for drugs and receive from drugmakers.
TLDR
Under a finalized Labor Department rule, pharmacy benefit managers must report earnings to covered employer plans every six months or when agreements are renewed or extended, Axios reports. The rule begins in July for self-insured group plans with more than 100 participants. Labor Secretary Keith Sonderling predicts better deals, but a PBM trade group warns of higher patient costs; an analyst notes the rule does not restrict PBM pricing.
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