Elimination of the Federal Insurance Office (FIO): Implications for Insurance Regulation
In an era where regulatory complexity and insurance innovation are evolving rapidly, a low-profile but potentially seismic shift is underway in Washington, D.C. In January 2025, Congress reintroduced legislation—H.R. 643, the Federal Insurance Office Elimination Act—that seeks to dismantle the Federal Insurance Office (FIO), an entity created to modernize insurance oversight, support underserved communities, and […]
The PBM Shake-Up: How 2025’s Transparency Rules Are Reshaping Pharmacy Contracts and Drug Costs
2025 is proving to be a transformative year for pharmacy benefits management. New federal transparency requirements are shining a spotlight on Pharmacy Benefit Managers (PBMs), forcing these powerful intermediaries to disclose financial practices previously hidden from view. For employers—especially tribal enterprises and mid-sized organizations—this shake-up carries significant implications for plan costs, contract negotiations, and overall […]