Upcoming Event : Mar 05, 2024

TRUCKER HUSS WEBINAR: Pharmacy Benefit Managers (PBMs)—What ERISA Fiduciary Obligations and Duties Relate to Prescription Drug Plans?

Date: March 5, 2024

Time: 10:00 – 11:00 am PST

Cost: Complimentary

Presenters: Mary Powell

Prescription drug costs keep escalating. What is driving these high costs? Pharmacy Benefit Managers (PBMs) are a significant part of the situation.  Understanding where PBMs fit into the drug pricing puzzle is a key issue for plan fiduciaries.  This is highlighted in a recent complaint filed against Johnson & Johnson by an employee who claimed that defendants (the company and its benefits committee) breached their fiduciary duties due to the mismanagement of the PBM for the health plans.

The following will be discussed:

  • An explanation of PBMs
  • Basic concepts of how PBMs make money from health plans
  • Fiduciary obligations related to PBM contracts and services
  • How to read and negotiate a PBM contract
  • How the new transparency rules under the Affordable Care Act and the Consolidated Appropriations Act provide tools for employers to negotiate PBM contracts
  • Recent case law regarding PBMs

Please direct your questions (or comments) to:  webinars@truckerhuss.com

MATERIALS: The materials for this presentation will be available on our website at truckerhuss.com/events and circulated with the webinar reminder two hours prior to commencement.  A recording of the webinar will be available at that link within 48 hours.

CREDITS:

MCLE:  This program is eligible for Continuing Legal Education (CLE) credit. Please contact Franchesca Grande at fgrande@truckerhuss.com to receive a CLE certificate of completion.

SHRM:  This program is valid for 1 hour of PDC for SHRM-CP® or SHRM-SCP®.

HRCI:  This program has been approved for 1 (HR (General)) recertification credit hour toward aPHR, aPHRi, PHR®, PHRca®, SPHR®, GPHR®, PHRi and SPHRi recertification through the HR Certification Institute.

HR Certification Institute’s® (www.HRCI.org) official seal confirms that Trucker Huss APC meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR® and PHR®.

HRCI Provider 2024