Employers and Benefit Administrators Urge Congressional Action Against Rising Drug Costs Amid State Law Surge
As the cost of prescription drugs continues to climb, employers and benefits plan administrators across the United States are urging Congress to consider legislation that would reform the operations of pharmacy benefit managers (PBMs). This push is fueled by a growing body of state laws aimed at curbing PBM practices that many argue contribute to higher healthcare expenses. Industry experts highlight that while PBMs are tasked with managing prescription drug benefits on behalf of health insurers, employers, and Medicare Part D drug plans, there are increasing concerns about their role in the escalation of drug … Read more