02.19.2026Consolidated Appropriations Act of 2026 Requires Greater Transparency by Pharmacy Benefit Managers On February 3, 2026, Congress passed and President Trump signed into law the Consolidated Appropriations Act of 2026 (CAA). This law imposes significant, long-expected requirements on pharmacy benefit managers (PBMs) and other actors in healthcare insurance, foremost being reports on fees the PBMs charge insurance plans and employers.
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