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PBM Transparency: Next Steps for Plan Sponsors
Ballard Spahr LLP Link to more items from this source
[Guidance Overview]
Feb. 12, 2026

"While the new federal guidelines are aimed at reforming the PBM industry, they include significant new obligations for sponsors of employee benefit plans.... [P]lans need to consider the basic measures that they must take to comply with the new requirements, including amending PBM Agreements and requesting appropriate disclosures. More deeply, plan sponsors must reckon with the significant volume of data being provided by their PBMs."  MORE >>

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