Securing The Lowest Net Cost PBM Contract
The Consolidated Appropriations Act (CAA) effective December 27, 2021, adds multiple requirements on ERISA and PHSA health plan sponsors that cannot be ignored. A key defense to scrutiny from the U.S. Department of Labor is demonstration that service providers and plan professionals’ evaluation and contracting was performed using objective strategies in the interest of plan members.
Terrance Killilea, Pharm.D.
USI Insurance Services