SCOTUS Declines To Hear Case On PBM Fiduciary Responsibility

By John Wilkerson / June 28, 2022 at 7:06 PM
The U.S. Supreme Court on Monday (June 27) declined to hear a case over whether PBMs must act in the interest of ERISA self-funded plans and people covered by that insurance, instead of acting in their own interest. The decision not to take up John Doe v. Express Scripts is a win for pharmacy benefit managers; the lower court ruled that PBMs do not have a so-called fiduciary duty to policy holders. The Pharmaceutical Care Management Association declined comment...

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