Broker Regulation

While some of the more objectionable features of the proposed MHPAEA regulations were not finalized, their basic structure remains fully intact, including provisions that employers found most burdensome.

The number of U.S. patients whose health care data was exposed to a data breach more than doubled in just one year between 2022 and 2023 from 37 million to 87 million.

Here is a brief summary of items that employers and benefits advisors should be aware of for health plans as we close out 2024 and head into 2025.

The industry is reaching a tipping point where an increasingly loud chorus of voices are demanding transparency and a focus on health strategy.

By staying informed and proactive, advisors and brokers can help ensure that employee benefit plans remain robust, compliant, and beneficial for all stakeholders.

"Millions of Americans with diabetes need insulin to survive, yet for many of these vulnerable patients, their insulin drug costs have skyrocketed over the past decade thanks in part to powerful PBMs and their greed," said Rahul Rao, deputy director of the FTC's Bureau of Competition.

"This should be a point of welcome relief to celebrate — and it is, in part."

The four largest PBMs collectively have a 70% share of the national market.