Blister pack with dollars instead of pills (Photo: Shutterstock)

As the United States at large — and employers, employee benefits leaders, and HR professionals in particular — continue struggling to ensure affordable health care, pharmacy benefit managers (PBMs) have recently come under scrutiny for their role in the high cost of prescription drugs. HR leaders would do well to pay attention to what’s happening in this arena and be prepared to respond to their leadership and employees as events unfold. Optimally, HR will be able to clearly communicate to employees, internal stakeholders, and the C-suite about changes to their prescription benefits and costs.

As recently as the week of May 8, four new bills related to PBM reforms moved out of the U.S. Senate Health, Education, Labor and Pensions Committee. This followed the passage of five bipartisan bills out of the Senate Judiciary Committee in February.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.