The employer, retiree plan, government program, union plan is who hires the pharmacy benefit company to do the work to serve the patients they represent. And so let me just ask you then, The Consolidated Appropriations act of 2021, which we passed last year, I was 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? (04:10–04:48)
CLAIM
Asserts that the Consolidated Appropriations Act of 2021 requires PBMs to provide information to responsible plan fiduciaries.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
