RxDC Archives - Word on Benefits

PBM Reform Momentum Heats Up

Amanda Wilke

08 Jun 202308 Jun 2023

The fight to lower prescription drug costs is underway. Congress has introduced a handful of bipartisan bills aiming to tackle drug prices by increasing transparency on pharmacy benefit managers (PBMs) and their practices that increase drug prices for group health plans. Congressional […]

Employee Benefits Health Care Prescription Drugs

RxDC Reporting Due June 1: Here’s What to Know

Anne Newhouse

16 May 202316 May 2023

Prescription drug data collection (RxDC) is the new reporting process required by Section 204 of the Consolidated Appropriations Act, 2021 (CAA). The reporting is meant to capture data on prescription drug (Rx) pricing trends, reimbursement amounts including rebates, identify how Rx costs […]

Compliance Employee Benefits Health Care Insurance Prescription Drugs U.S.

RxDC Reporting: What Plan Sponsors Need to Know

Jonas Leyrer, CEBS

04 Nov 202204 Nov 2022

RxDC Overview In late 2021, Congress passed the Consolidated Appropriations Act, 2021 (CAA) which contained a provision that requires health care plans to submit Prescription Drug Data Collection (RxDC) reports to CMS. The new reporting requirement applies to most health insurance issuers […]