The ERISA Industry Committee, which represents large employers that provide worker benefits, has come out strongly against proposed legislation in Kentucky that it said attempts to control the network practices and plan options available to self-insured employer plans as well as the pharmacy benefit managers managing them.
"We have deep concerns with provisions of this legislation as currently drafted that would overstep state authority to control self-insured employer health-care plans governed by the federal ERISA, which PBMs often administer," it said in public comments on Kentucky Senate Bill 188, "If enacted, this legislation would raise health insurance and prescription drug costs across Kentucky and would stand in conflict with federal law governing the design and administration of employer-sponsored health plans nationwide."
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