The impact of PBM legislation on your health benefits can be complex. We want to help you understand the issue.
What is ERISA Erosion?
ERISA, or the Employee Retirement Income Security Act, is a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry. However, recent legal and legislative changes have eroded these protections, potentially compromising your union benefits.
Unions are the backbone of workers' rights, and their benefits are the lifeblood of their membership. Unfortunately, these benefits are under threat from legal and legislative ERISA erosion. We are here to help you stand up against these challenges and preserve your union benefits.
Understanding the impact of Pharmacy Benefit Manager (PBM) legislation on your health benefits can be a complex process. We are dedicated to providing you with the information and support you need to navigate these intricate issues effectively.
Our goal is to empower you to make informed decisions for the well-being of your members, ensuring that they receive the best possible care and coverage. We want you to be able to confidently navigate the complexities of PBM legislation and optimize your prescription health benefit program.
Regulatory activities are currently underway
Federal Legislation
Federal Legislation
Federal Legislation
Federal legislation is moving in several senate and house Committees. Much of it will impact your decision-making ability, cost and plan design.
State Legislation
Federal Legislation
Federal Legislation
States are pushing boundaries, aiming to regulate and restrict Pharmacy Benefit Managers (PBMs). As a result, plan design features that once managed costs are now being limited, impacting expense control and reducing financial burdens for self-funded plans.
Litigation
Federal Legislation
Litigation
Litigation in this area is important for prescription drug pricing tools and the Uniform Administration of Health and Retirement Plans.
Rutledge, (Arkansas), Wehbi (North Dakota) and the recent Mulready (Oklahoma) cases all stem from Right to Work states and are attempting to impact ERISA's ability to be the sole regulator of Taft-Hartley health plans.
Regulatory activities are currently underway in four differe
Stay Up to Date on PBM Legislation with ERISA
Understanding the Impact of PBM Legislation on Your Fund
Understanding the Impact of PBM Legislation on Your Fund
Understanding the Impact of PBM Legislation on Your Fund
Understanding the Impact of PBM Legislation on Your Fund
Understanding the Impact of PBM Legislation on Your Fund