Mid-Market PBMs Emphasize Burden of Proposed DOL Rule

A duplicative proposed Department of Labor (DOL) rule would severely limit competition in the PBM market, heaping costly compliance burdens on smaller PBMs. There are more than 70 full service PBMs in America, and last week, several mid-market PBMs submitted formal comments and warned the DOL that the proposal would add significant costs to their companies, leading to a chilling effect for new market entrants in the PBM industry. Mid-market PBMs, including ProAct, quantified the time and expense complying with the rule […]