"While prior legislative efforts chipped away at PBM practices through state laws and targeted federal rules, this statute takes a more structured approach by imposing transparency requirements, rebate pass-through obligations, and compensation reforms that directly affect both ERISA plan sponsors and Medicare Part D programs.... [S]takeholders that understand how to use the law will gain a strategic advantage. Those that do not will continue operating under legacy PBM arrangements that no longer reflect the regulatory landscape."  MORE >>