The Benefit Whisperer

The Benefit Whisperer


What If Your Most Valuable Health Plan Asset Is the Data You’ve Never Seen? (Ep. 36)

December 01, 2025

Welcome to The Benefit Whisperer, where we decode the nonsense in healthcare.

In this episode, Ralph Weber is joined by Chris Condeluci, one of the nation’s leading ERISA and healthcare transparency attorneys. Chris argues that pricing data and claims information aren’t just useful, they’re plan assets under ERISA. And if that’s true, carriers, TPAs, and PBMs may be fiduciaries… whether they like it or not.

This episode unpacks:

  • Why plan sponsors can’t meet fiduciary duty without full data access
  • How compensation disclosure rules are tightening around PBMs and TPAs
  • What’s coming in “Transparency 2.0” and routine audits
  • Why regulators may soon force carriers to open the books — or face liability

If you’re an employer, consultant, or HR leader tired of flying blind, this is the episode you can’t afford to skip.

Schedule a FREE CONSULTATION with Ralph: bit.ly/3Y5Gkhu

Learn more: https://fixmybenefitsnow.com
Contact Ralph: ralph@thebenefitwhisperer.com