Alexandria, Va. - Dec. 7, 2010
National Community Pharmacists Association (NCPA) Vice President of PBM (Pharmacy Benefit Manager) Transparency Zachary French testified today during the U.S. Department of Labor's public hearing on "Reasonable Contracts or Arrangements for Welfare Benefit Plans Under Section 408(b)(2)—Welfare Plan Fee Disclosure of ERISA (Employee Retirement Income Security Act)". An interim final rule requiring employee benefit providers for pension and health plans to disclose any conflicts of interests that might affect their service was debated at the hearing; with French and others explaining why it is necessary.
The entire testimony can be viewed here. Excerpts can be found below:
The National Community Pharmacists Association (NCPA®) represents the interests of America's community pharmacists, including the owners of more than 23,000 independent community pharmacies, pharmacy franchises, and chains. Together they represent a $93 billion health-care marketplace, have more than 315,000 employees including 62,400 pharmacists, and dispense over 41% of all retail prescriptions. To learn more go to www.ncpanet.org or read NCPA's blog, The Dose, at http://ncpanet.wordpress.com.
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