Sweeping PBM Reform Law Is Six Months Old

On February 3, 2026, President Trump signed the Consolidated Appropriations Act (CAA) into law. Among many provisions in the bill was historic, bipartisan reform of the pharmacy benefit manager (PBM) industry. It enshrined full transparency into federal law, dictated how employers, unions, and the government contract with PBMs, set in motion major changes to Medicare […]