Auditors praise Trump anti-fraud healthcare proposal

(The Center Square) – A coalition of 14 state financial leaders across the country backed a Trump administration policy to reduce fraud in health-care systems.

The group of state financial officers wrote a letter Wednesday to the Trump administration praising a policy from the U.S. Department of Labor that requested greater transparency from health-care providers in the country.

The rule would require pharmacy benefit managers to disclose where they receive funding and rein in group health care plan costs.

“Disclosure of PBM compensation is essential for plan fiduciaries to identify conflicts of interest and satisfy their duty to evaluate the reasonableness of plan expenditures and service provider fees,” the officials wrote.

The financial officers have previously called for transparency from health-care providers. The officials accused large corporations of overcharging for health care and dramatically raised the price of employer health plans.

The officers said the proposed rule would preven...