Employee Retirement Income Security Act stories

Oct 28, 2026

Labor Department finalizes rule requiring PBMs to disclose fees and compensation

The Trump administration finalized a sweeping regulation requiring pharmacy benefit managers to share detailed fee and compensation data with self-funded employer clients starting in 2027. Employers praised the transparency measure while PBMs criticized it as burdensome.

Oct 28, 20263 sources

Top claims

▪The Department of Labor rule finalized October 29, 2026, allows employers to audit pharmacy benefit manager compensation disclosures once per year
▪The Department of Labor estimates pharmacy benefit managers will spend $1 million in the first year of its rule finalized October 29, 2026, and $300,000 annually in subsequent years to comply
▪The Department of Labor finalized a rule, requiring pharmacy benefit managers to disclose fees and compensation to self-insured employer clients

Subtopics

Drug Policy, Pricing & Approval1 Drug pricing1 Federal agencies1 Government and Regulatory Policy1 Healthcare Access and Insurance1 Pharmacy benefit managers1 Trump administration1

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