United States: Employee Benefits & Compensation

The PBM regulatory landscape is evolving rapidly at both the federal and state levels, making it critical for our clients involved in the PBM space to stay apprised of developments in the industry as they happen. Our team actively monitors these to provide you with this quarterly PBM Policy and Legislative Update. This update builds on prior issues and highlights federal and state activity from October 2025 to mid-February 2026.

The boutique fitness industry's reliance on per-class compensation and independent contractor classifications has created a minefield of wage-and-hour compliance issues, resulting in millions of dollars in settlements and enforcement actions. As federal regulations shift and state laws diverge, fitness studios face mounting legal exposure from misclassification claims, unpaid overtime disputes, and piece-rate compensation violations that threaten the industry's traditional business model.

Connecticut lawmakers are advancing bills on workplace practices that could affect employers' operations and compliance.