Congress and the Department of Labor are set to implement reforms that will hold pharmacy benefit managers (PBMs) legally accountable as fiduciaries, aligning their incentives with employers and patients. This shift is crucial for tech professionals in healthcare as it addresses long-standing issues where PBMs benefited at the expense of patients and payers. Watch for changes in drug pricing transparency and patient out-of-pocket costs as these reforms take effect.
Read the full article at STAT News
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