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.
At a time when unprecedented price tags and foreboding pharmaceutical cost trends threaten employers’ ability to continue to provide coverage, our committee objective has become more critical than ever before. Business Group data continue to highlight high-cost therapies as the top concern for employers when it comes to managing their pharmacy benefits. This growing pain point has led to increased activity on both the medical and pharmacy side, with employers rolling out various initiatives to help curb costs and maintain the integrity of plan design.
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 and ensuring patient access to high-quality pharmaceutical care.
- Create a community of like-minded peers to learn from and support on trending pharmaceutical issues and everyday challenges;
- Explore and harness a diversity of perspectives represented by colleagues across many aspects of the pharmaceutical supply chain (e.g., pharmacy benefit managers, health plans, pharmaceutical manufacturers, genetic testing companies);
- Leverage best practices for optimizing value in pharmaceutical benefits and zeroing in on total cost of care with access to thought leadership from industry and policy experts;
- Remain 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;
- Build an agenda for discussion topics, committee resources and products based on timely and relevant member priorities; and
- 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 at the Business Group’s offices in Washington DC. Additionally, there is one virtual meeting each year.
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 PBC helps drive the pharmacy resources for the Business Group and provides an active member engagement platform. The full committee meets three times each year. Two meetings are held at the Business Group offices in Washington, D.C., and one takes place online via teleconference. In-person meetings dedicate six hours to business; teleconferences last approximately two hours. Minutes of each meeting are kept and distributed to all members of the Committee. In- between meetings, committee members may be asked to review deliverables, participate in webinars and provide expertise.
Previous and ongoing agenda topics include:
- Formulary and utilization management strategy
- Data transparency and interoperability
- Cost and delivery of specialty medications
- Precision medicine, including pharmacogenomics, genetic testing and gene therapy
- Drug and supplement safety
- Waste management
- Couponing/copay assistance
- Adherence
- Site-of-care shift
- Biosimilars
- Opioid misuse and abuse