This document is about the testimony of Allison R. Klausner on behalf of Honeywell International Inc. regarding pharmacy benefit manager (PBM) compensation and fee disclosure. It discusses the scope of PBM services, the complexity of PBM compensation structures, the importance of transparency in PBM contracts, and Honeywell's support for greater disclosure regulations by the Department of Labor to promote compliance with ERISA 408(b)(2) regarding reasonable compensation for plan services.
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