The Internal Revenue Service (IRS) just announced that the fee that supports the Patient Centered Outcomes Research Institute (PCORI) will increase from $2.08 to $2.17 per covered life, an increase of 4.3%.

The increase will apply to health plan years that end on or after Oct. 1, 2015 and before Oct. 1, 2016. Under the PCORI provision, all health insurers and self-insured major medical plans are required to pay the fee.