As the new law rolls out, some plan sponsors are questioning whether the government’s capabilities to negotiate with Medicare on lower drug prices could prompt manufacturers to increase medication costs for employer plans.
While the official announcement will come in October, the IRS contribution limit for retirement accounts will likely be a modest $500 increase for 2024, according to a new Milliman report.
A second judge ruled the DOL's 5-part test to determine what defines “fiduciary” should be struck down, which was a victory for the Federation of Americans for Consumer Choice, an advocacy group for insurance distributors.
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