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Mandatory Disclosure of Drug Cost Compensation in Employer Health Plans.

This bill mandates that companies managing prescription drug benefits (PBMs) and third-party administrators must disclose all direct and indirect compensation they receive. The goal is to bring transparency to drug costs and services within employer-sponsored health plans. This allows employers and employees to better evaluate the efficiency and fairness of their health plan management.
Key points
Requires PBMs and administrators to reveal all fees and commissions related to employer-sponsored health plans.
Increased financial transparency aims to help control drug costs and improve the management of employee health benefits.
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Additional Information
A bill to require regulations concerning the disclosure of direct and indirect compensation from entities providing pharmacy benefit management services or third-party administration services.
Print number: S 1543
Sponsor: Sen. Marshall, Roger [R-KS]
Process start date: 2023-05-10