Employer-Paid

"Without transparency, health care is an aggregated monopoly," Sen. John Hickenlooper said.

The new figure affects how much typical employer plans can charge participants for their share of the premiums in 2027.

"Employees are still navigating complex financial circumstances that require proactive support from employers to help build long-term stability," said Stacy Bucchere, Managing Director of Workplace Benefits Client Management at Bank of America.

The Michigan health system alleges CVS manipulated specialty-drug reimbursements and retaliated against hospitals seeking an audit of the arrangement.

The new "Lower Costs" bill includes disclosure mandates for health care providers, insurers and health plan administrators.

Officials estimate the regulations will eliminate 90% of the paper notices that plans now send each year.