Supreme Court Decision Caps Big Week in Litigation for Pharmacy Benefit Managers
By EsqSocial Corporation 16/12/20
The U.S. Supreme Court handed down a decision on Thursday of last week that will impact state-level regulation of pharmacy benefit managers (PBMs) by holding that an Arkansas law regulating PBMs was not preempted by the Employee Retirement Income Security Act (ERISA). The decision capped off a busy week in litigation for PBMs as on Monday the Second Circuit held that a business transaction between a PBM and an insurer was not a fiduciary act under ERISA. Although the cases involve distinct...
By: Faegre Drinker Biddle & Reath LLP