… proud to vote for, it indicates that pharmacy benefit managers are described as covered service providers who must provide information to responsible plan fiduciaries. You're familiar with that requirement and Do you believe that PBMs provide plan fiduciaries, meaning somebody within the employer with enough information to ensure that the compensation they are paying is reasonable? Yes, I believe our companies all comply with the requirements of the law. Now you're shaking your head. How about you? I think it was a carefully worded answer that they're complying with the law. (04:10–04:48)
CLAIM
Questions whether PBMs provide sufficient information to plan fiduciaries to ensure reasonable compensation.
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