In this episode, Council President Katy Johnson describes how several recent developments have put a spotlight on 340B reform.

Momentum continues to build for reform of the 340B prescription drug discount program, one of the American Benefits Council’s health policy priorities.

In Becerra v. Bank of America, the plaintiffs allege that ERISA requires forfeitures to be used to pay expenses or to improve benefits of plan participants. 

In a recent advisory opinion, the DOL confirmed that managed accounts with lifetime income guarantees can qualify as QDIAs even when offered through a variable annuity contract.

Council applauds introduction of 340B ACCESS Act as CBO report underscores need for reform 

The U.S. Senate approved the appointment of Daniel Aronowitz to the position of Assistant Secretary of Labor for EBSA, the key agency at the DOL, responsible for oversight of ERISA health and retirement plans.

In this episode, Council President Katy Johnson explains why these rules were so eagerly anticipated and how the IRS was responsive to numerous recommendations offered by the Council.

Two of the measures would increase transparency and oversight of DOL operations, while a third bill addresses employee stock ownership.