health
The Department of Labor's proposed rule complicates healthcare
America’s healthcare market is about to get less fair and more costly, thanks to a badly written new set of compliance and declaration rules from the Department of Labor. It’s not too late to stop it.
TL;DR
- The Department of Labor's proposed rule for PBMs adds complex and duplicative disclosure requirements.
- These new rules are redundant to the transparency framework already established by the Consolidated Appropriations Act (CAA).
- The proposed rules will likely increase healthcare costs and reduce competition.
- Smaller PBMs and businesses will be disproportionately burdened by the new requirements.
- The short lead time for implementation is unrealistic and threatens compliance with the CAA.
- The DOL's authority for these rules is questioned, with concerns about circumventing democratic processes.