A standard format and other regulations are due within 18 months
What the document says“Not later than 18 months after the date of enactment of this section, the Secretary shall specify through rulemaking a standard format for entities providing pharmacy benefit management services on behalf of group health plans and health insurance issuers offering group health insurance coverage, to submit reports required under paragraph (1).”
Within 18 months of enactment the Secretary must set a standard report format by rulemaking, and must issue any other final regulations needed. In doing so the Secretary must, so far as practicable, align these reporting requirements with those under the neighboring transparency section.
What the document actually says“Not later than 18 months after the date of enactment of this section, the Secretary shall specify through rulemaking a standard format for entities providing pharmacy benefit management services on behalf of group health plans and health insurance issuers offering group health insurance coverage, to submit reports required under paragraph (1).”
Within 18 months the health chief must set the form these reports take. It must be done by a rule.
Reports in different shapes cannot be compared. One form fixes that. The chief must also line it up with a nearby reporting rule.
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