Department of Labor releases proposed rule on transparency of PBM fee disclosures 

The Department of Labor has issued a proposed rule to improve transparency of fees collected by pharmacy benefit managers. The rule requires PBMs to disclose rebates and other payments from drug manufacturers, compensation received when the price paid by a health plan for a prescription drug exceeds the amount reimbursed to the pharmacy, and payments recouped from pharmacies in connection with prescription drugs dispensed to a health plan. The proposal would also allow plan fiduciaries to audit the accuracy of PBM disclosures and provide additional relief if their PBM fails to meet its obligation.