FOR IMMEDIATE RELEASE: Thursday, April 16, 2026

Contact: Tony Mangan, Communications Director, 605-773-6878 

Attorney General Jackley Joins AG Coalition to Support

Federal Rule Promoting Transparency in Prescription Drug Pricing

PIERRE, S.D. – South Dakota Attorney General Marty Jackley joins a coalition of 45 Attorneys General in sending a comment letter that supports a proposed U.S. Department of Labor rule that would require greater transparency from pharmacy benefit managers (PBMs) that service employer-funded health plans covered under the Employee Retirement Income Security Act of 1974 (ERISA).

“This rule demands better transparency of pharmacy benefit managers,” said Attorney General Jackley. “Employers have a right to know how the insurance coverage they provide their employees are impacted by the decisions of pharmacy benefit managers.”

Approximately 136 million Americans receive health coverage through an employer — either their own job or a family member, The Department of Labor’s proposed rule addresses concerns that employers often lack visibility into how PBMs make money or why drug costs change. The law would require PBMs to disclose twice a year how they generate revenue and would give employers the right to audit them.

Other Attorneys General joining the letter are from Alaska, American Samoa, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, the District of Columbia, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, Washington, West Virginia, and Wyoming

The letter can be found here: https://oag.ca.gov/system/files/attachments/press-docs/Ltr%20to%20Dept%20of%20Labor%20re%20Pharm%20Benefits%20Mgr%20_%20FINAL.pdf

-30-