To amend the Employee Retirement Income Security Act of 1974...
To amend the Employee Retirement Income Security Act of 1974 to ensure that pharmacy benefit managers are considered fiduciaries, and for other purposes.
This bill, HB6837, aims to change the Employee Retirement Income Security Act of 1974 (ERISA). It proposes that pharmacy benefit managers, who manage prescription drug benefits for retirement plans, should be considered fiduciaries. This means they would have a legal responsibility to act in the best interest of those with retirement benefits.
If passed, this bill would impact employers, employees, and pharmacy benefit managers by changing the legal responsibilities of the latter. This could potentially lead to changes in how drug benefits are managed and priced, which might affect the cost and availability of prescription drugs for people in retirement plans.
As of the last update on 2025-12-18, the bill has been introduced and referred to the House Committee on Education and Workforce. This is the first step in the legislative process, where it will be reviewed and potentially scheduled for further action.
