November 12, 2024
On November 12, 2024, Business Group on Health submitted a letter to Congressional leaders advocating for balanced reforms within the pharmacy benefit manager (PBM) sector to support affordable and sustainable employer-sponsored health care coverage. In response to legislative proposals under consideration, including S. 1339 and H.R. 5378, the letter calls for increased transparency in arrangements between PBMs and plan sponsors. Key recommendations focus on the importance of data-sharing on rebates and pricing to empower employers while preserving essential flexibility for benefit design. The Business Group urges Congress to adopt reforms that enhance transparency without compromising the administrative efficiencies and tailored benefits needed by employer plan sponsors.
Business Group on Health Urges Thoughtful PBM Reform in Congressional Letter
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Pharmacy/Prescription Drugs
Transparency
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