HR Policy Association Supports Healthcare Transparency Bill
Employers Urge Congress to Pass Health Care Legislation for a
More Competitive and Transparent Market
WASHINGTON, D.C. – Today, HR Policy Association joins a diverse collection of organizations representing the nation’s employers who are dedicated to bringing more transparency and accountability to health care for employers and their employees, calls on Congress to enact meaningful pharmacy benefit manager (PBM) and health care reform legislation this year. The organizations include The ERISA Industry Committee (ERIC), Purchaser Business Group on Health (PBGH), American Benefits Council, National Alliance of Healthcare Purchaser Coalitions, Silicon Valley Employers Forum, Business Group on Health, and the Small Business Majority.
Transparency and accountability across the health care system are needed and imperative to enable employers to continue to provide affordable access to health care for American employees and their families. That accountability must include all stakeholders with whom our member companies - the foundation of the employer-sponsored coverage system - contract.
We applaud the work of House and Senate committee leaders in raising and engaging in robust dialogue, particularly on the policies considered in H.R. 5378, the Lower Costs, More Transparency Act and S. 1339, the Pharmacy Benefit Manager Reform Act to develop appropriate reforms that support employer-sponsored coverage, drive innovation, and promote competition and fair dealing. As employers prepare for 2025 and again attempt to rein in unsustainable cost trends which threaten program integrity and affordability, legislation that supports their ability to do so by appropriately driving competition, transparency, and fair dealing is increasingly urgent. We strongly urge Congress to continue with these efforts and help employers provide vital, affordable health benefits and programs to employees and their families by passing meaningful reforms this year.
HR Policy Association is the lead organization representing chief human resource officers of major employers. The Association consists of nearly 400 of the largest corporations doing business in the United States and globally, and these employers are represented in the organization by their most senior human resource executive. Collectively, their companies employ more than 11 million employees in the United States, over nine percent of the private sector workforce, and 20 million employees worldwide. They have a combined market capitalization of more than $8 trillion. These senior corporate officers participate in the Association because of their commitment to improving the direction of human resource policy. Their objective is to use the combined power of the membership to act as a positive influence to better public policy, the HR marketplace, and the human resource profession. For more information visit www.chro.org.
About The ERISA Industry Committee. ERIC is a national advocacy organization that exclusively represents large employers that provide health, retirement, paid leave, and other benefits to their nationwide workforces. With member companies that are leaders in every sector of the economy, ERIC advocates on the federal, state, and local levels for policies that promote flexibility and uniformity in the administration of their employee benefit plans. Learn more at eric.org. All media inquiries to The ERISA Industry Committee should be directed to [email protected].
