Over a dozen state officials rally behind game-changing Trump admin rule cracking down on fraud: 'Essential'
FIRST ON FOX: Financial officers from 12 states are backing a proposed Department of Labor rule that targets healthcare "middlemen" by demanding more transparency, rallying behind the Trump administration’s waste,...
By Fox News · Fox News
FIRST ON FOX: Financial officers from 12 states are backing a proposed Department of Labor rule that targets healthcare "middlemen" by demanding more transparency, rallying behind the Trump administration’s waste, fraud, and abuse crackdown as well as the goal of lowering healthcare costs . In a letter to the Labor Department obtained by Fox News Digital, over a dozen state financial officers in the State Financial Officers Association (SFOF) offered their support of a proposed rule being evaluated by the Labor Department targeting pharmacy benefit managers (PBMs) that would expose hidden fees, conflicts of interest and overcharging that drive up costs. "Healthcare purchasers are operating in the dark, paying inflated costs because hidden pricing and middlemen obscure where every dollar goes," OJ Oleka, CEO of the State Financial Officers Foundation, told Fox News Digital. "By bringing those hidden prices into the light, companies can finally identify waste, negotiate better deals, and redirect those savings toward higher wages, more jobs, stronger benefits for workers, and increases to shareholder value." Oleka went on to explain that on a state level, the transparency brought on by the new rule is "essential to safeguarding taxpayer resources and fulfilling fiduciary responsibilities." LABOR DEPT DEPLOYS ‘STRIKE TEAM’ TO CALIFORNIA OVER $21B UNEMPLOYMENT DEBT, FRAUD CONCERNS "Transparency isn’t just about accountability; it’s critical to detecting waste, preventing fraud, and ensuring that healthcare spending delivers value to the workers, businesses, and taxpayers who ultimately bear these costs." If implemented, the rule would require full disclosure of these "middlemen" revenue streams, expand beyond pharmacy benefit managers to insurers and third-party administrators, and allow access to claims and pricing data, which SFOF says will be a key tool in combating fraud while outlining in the letter that the administration shouldn’t stop there. "As the guardians o…