DOL Finalizes PBM Disclosure Rule for Self-Funded Health Plans

DOL Finalizes PBM Fee Disclosure Rule for Self-Insured Health Plans

Pharmacy benefit manager (“PBM”) transparency requirements continue to expand. On October 29, 2026, the U.S. Department of Labor (“DOL”) finalized new disclosure requirements for PBMs and affiliated brokers and consultants serving large, self-insured group health plans (the “Final Rule”). The Final Rule requires PBMs (as covered service providers) to disclose detailed information about their compensation,... Continue Reading

DOL Finalizes PBM Disclosure Rule for Self-Funded Health Plans

On October 29, 2026, the U.S. Department of Labor (“DOL”) issued a final rule requiring pharmacy benefit managers (“PBMs”) and certain affiliated brokers and consultants to disclose their compensation to fiduciaries of large, self-funded group health plans. The disclosures should help sponsors assess net drug costs, compare PBM proposals, and monitor compensation received from manufacturers,...

DOL Finalizes PBM Transparency Rule: What Employers Should Know

On November 2, 2026, the Department of Labor (DOL) published a final rule that provides employers greater transparency into the fees and compensation pharmacy benefit managers (PBMs) and their affiliates receive by requiring PBMs and others to provide affected plan sponsors with detailed fee disclosures.  The rule is intended to help fiduciaries of employer-sponsored group […]