Members of the committee are a multi-stakeholder group of employers and industry partners including pharmaceutical companies, PBMs and health plans.
Membership is limited so please use our contact us form to learn more about available opportunities.
Institutes & Committees
Cost & Delivery Institute
Global Institute
Well-being & Workforce Strategy Institute
Health Innovations Forum
Executive Committee on Value Purchasing
Leadership Forum on Employee Experience
Pharmacy Benefit Committee
Leave Optimization Forum
Evidence-based Benefit Design Committee
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Pharmacy Benefit Committee
Mission & Objectives
The goal of the Pharmacy Benefit Committee (PBC) is to support the sustainability of employer-sponsored prescription drug benefits.
Business Group data continues to highlight cost challenges as the top concern in managing pharmacy benefits, particularly those arising from the growing number of effective but costly therapies. At the same time, pharmacy supply chain and contracting complexities make it difficult for employers to truly understand their cost drivers, hindering their ability to make informed decisions. These growing pain points have led to increased activity, with employers rolling out various initiatives to help curb costs, improve experience and access for employees and promote drug price and contracting transparency, while holding their vendors accountable for results.
By joining PBC, employers have an opportunity to hear from industry experts and peer innovators on cutting edge pharmacy tools and solutions and to benchmark best practices for managing pharmacy costs, navigating patients to the most effective and affordable therapies, and ensuring access to high quality pharmaceutical care.
- Create a community of like-minded peers to learn from and support each other on trending pharmacy benefit issues and opportunities;
- Explore and harness a diversity of perspectives represented by colleagues across stakeholders (e.g., pharmacy benefit managers, health plans, pharmaceutical manufacturers, consultants, navigators);
- Leverage best practices for optimizing value in pharmaceutical benefits and exploring industry wide cost reform with intimate access to thought leadership from industry and policy experts;
- Support employers in staying on the leading edge of industry innovation, closely following the specialty pipeline and groundbreaking advancements in precision medicine;
- Explore and support the linkages between drug adherence, health and productivity;
- Deliver discussion topics and member resources based on timely and relevant member priorities related to pharmacy benefit strategy;
- Provide a channel for confidential sharing of ideas and experiences among PBC members.
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Current Members
Pharmacy Benefit Committee
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How To Get Involved
Pharmacy Benefit Committee
If you represent an employer member of Business Group on Health, there is no cost to participate in this Committee.
The Committee meets twice a year in-person in Washington, DC (virtual participation available) and once virtually.
Members provide guidance on Business Group resources focused on best practices for managing pharmacy costs and ensuring patient access to high quality pharmaceutical care. Members participate in benchmarking discussions and provide thought leadership on upcoming discussion topics and publications focused on pharmacy benefits and strategy. Members may be asked to review deliverables, participate in webinars and provide expertise.
Scope of Work
Pharmacy Benefit Committee
The Pharmacy Benefit Committee (PBC) helps drive the pharmacy resources for the Business Group and provides an active member engagement platform. Specific topics addressed include pharmacy benefit and formulary design, cost and utilization management strategies, specialty drugs and biosimilars, transparency, navigation solutions, precision medicine, industry-wide reform and more.
Benefits of Pharmacy Benefit Committee participation include:
- Three meetings per year: two in-person (virtual participation available), each with a networking dinner, and one virtual meeting;
- Access to Business Group’s Pharmacy Benefit Committee staff; and
- Opportunities to support and contribute to Business Group content, including spotlights highlighting employer's leadership.