New federal rule requires drug middlemen to disclose how they’re paid
Summary
The Trump administration issued a final Department of Labor rule requiring pharmacy benefit managers to disclose to employer clients the different ways they are paid. The rule covers companies that manage prescription drug spending for employers and workers.Key Facts
- The Department of Labor released the final rule on Thursday.
- The rule applies to pharmacy benefit managers, or PBMs.
- PBMs manage prescription drug spending for employers and workers.
- PBMs must tell employer clients the different ways they receive payment.
- The rule was issued by the Trump administration.
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