Reforms included in a spending bill recently passed by Congress and signed into law by President Trump could transform how employers interact with pharmacy benefit managers (PBMs).
The reforms, which build on other federal efforts to rein in the intermediaries that work with health plans and the pharmaceutical industry to negotiate drug prices, are set to take effect in 2028–2029. Here’s what could change for employers as a result of the new requi
rements.Increased transparency. PBMs must
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