H.R. 6837 — To amend the Employee Retirement Income Security Act of 1974 to ensure that pharmacy benefit managers are considered fiduciaries, and for other purposes.

H.R. 6837 — To amend the Employee Retirement Income Security Act of 1974 to ensure that pharmacy benefit managers are considered fiduciaries, and for other purposes. | JustPolicyThe purpose of this legislative proposal is to amend the Employee Retirement Income Security Act of 1974, commonly known as ERISA, to classify pharmacy benefit managers (PBMs) as fiduciaries. This change aims to enhance accountability and transparency in how these managers operate within group health plans, particularly concerning prescription drug benefits. Key provisions of the proposal include defining the responsibilities of PBMs as fiduciaries.