Senior Advisor Caitlin Soto Leaves EBSA
The policy advisor announced her departure from the federal agency after leading key pharmacy benefit manager reforms.
Updated on Oct. 23, 2026 in Healthcare
Caitlin Soto is stepping down from her role as a Senior Policy Advisor at the Employee Benefits Security Administration. Her departure follows a tenure focused on transparency rulemaking for pharmacy benefit managers.
Why it matters
Her work at the agency helped shape recent healthcare price transparency mandates. The transition comes as the government concludes significant new oversight measures for prescription drug benefit management.
The agency recently finalized new rulemaking on pharmacy benefit manager fee disclosures and broader healthcare price transparency. The scope of this regulatory framework affects drug pricing disclosures across the national benefits landscape.
The players
Caitlin Soto
Caitlin Soto is a policy professional who served as a Senior Policy Advisor at the Employee Benefits Security Administration.
Employee Benefits Security Administration
The Employee Benefits Security Administration is a federal agency within the Department of Labor that oversees private-sector employee benefit plans.
Department of Labor
The Department of Labor is a cabinet-level executive department of the United States federal government responsible for occupational safety and employment standards.
The details
Caitlin Soto announced her departure from the Employee Benefits Security Administration via a LinkedIn post. She previously spearheaded the Department of Labor's efforts regarding PBM fee disclosure regulations.
Timeline
October 23, 2026: Caitlin Soto announced her departure.
October 23, 2026: The last day of work for Caitlin Soto.
Market Landscape
This staffing change occurs as the agency concludes its work on the Pharmacy Benefit Manager (PBM) Fee Disclosure rulemaking. The exit highlights the shifting regulatory focus of the Department of Labor as it moves from policy formulation to potential implementation phases.
The transition of senior leadership at the agency may signal shifts in how future healthcare price transparency mandates are enforced. Consumers and employers should monitor the Department of Labor for updates on the implementation of recently finalized disclosure rules.
The takeaway
Staffing changes at key federal agencies often mark the transition between regulatory drafting and active compliance enforcement. Stakeholders in the healthcare industry should prepare for potential adjustments in oversight as new leadership takes over policy portfolios.
Further reading
Learn more about federal regulatory updates in the Healthcare section.
Source note: This article includes information reported by Bloomberglaw.
