ERISA Industry Cmte.

When @RepKatCammack asks who captures the savings from big drug wholesaler consolidation, @ERISAIndCmte's response is damning: "[It] does not appear to be working families." Wholesalers controlling providers, pharmacies, GPOs, and PSAOs has certainly benefited the wholesalers... but is it benefiting the patient?

President & CEO of @ERISAIndCmte, @JamesGelfand: "We strongly support the Patients Deserve Price Tags Act. Not only would that bill for the first time shine a light on the black box of drug prices, but it would also guarantee that employers could actually see their own claims data, which today they oftentimes cannot."

“These are common-sense solutions — caregiver tax credits, clearer IRS guidance, and modernizing HSA rules so workers can actually use those dollars for caregiving needs. The problem is the rules were written for a different era, and they haven’t kept up with how care works today,” — Melissa Bartlett, SVP of Health Policy, @ERISAIndCmte, said, arguing that Congress must update outdated policies to give employers and workers more flexibility to ease the financial burden of caregiving. Explore the full event: …erfinancialcrisis-hill.splashthat.com #TheHillHealth

“One significant [healthcare] cost driver that is increasingly under the microscope is the impact of hospital consolidation, which can simultaneously reduce choice while increasing costs.” - James Gelfand, President & CEO, @ERISAIndCmte We agree - Better Solutions is committed to promoting hospital competition and lowering costs for patients and employers. realclearhealth.com/blog/2024/12/1…

Tackling Health Care Consolidation: Congress Can Curb Costs by ERIC's President & CEO James Gelfand realclearhealth.com/blog/2024/12/1…

A meaningful step forward in the paid leave policy discussions – congrats to Rep. Bice and Rep. Houlahan on the release of I-PLAN legislation. We look forward to working with lawmakers to advance policies that improve the harmonization of these benefits. #PaidFamilyLeave

ERIC thanks @virginiafoxx for championing clear and workable #mentalhealth regulations. Her leadership is crucial in making sure regulations are fair, practical and administrable. bit.ly/3A5vwYj

Health care consolidation ⬆️prices w/o improving quality. Our response to @TheJusticeDept, @HHSGov & @FTC 's recent RFI on consolidation outlines the importance of improving health care competition to lower costs, increase access - & policies for doing so bit.ly/4bYm1bv

We applaud @SenatorHassan for leading an essential discussion today on health care affordability. Site neutral payments and billing transparency will lower costs for patients & employers & reduce incentives for further consolidation. 🧵 (1/3)

ERIC recognizes the complexity, particularly for employers, of the recently released Proposed Rule on Mental Health Parity and Addiction Equity Act, and requested more time to submit comments to the agencies. Read ERIC’s press statement: bit.ly/3s3Y7cj

Read more from @PLANSPONSOR on ERIC's recent ask to Congress to reexamine plan sponsor premiums. bit.ly/3OMLQlp

In response to the recently released Pension Benefit Guaranty Corporation’s Fiscal Year 2022 Annual Projections Report, ERIC urges Congress to reexamine the premiums paid by companies sponsoring defined benefit pension plans. Read ERIC’s statement: bit.ly/44Y8mxp

SECURE 2.0 included a number of changes to ERISA’s notice and disclosure provisions. ERIC’s Andy Banducci was quoted in Bloomberg Law discussing the importance of shaping disclosure rules that work for both plan participants and employers. Read more below. bit.ly/3QiCZZW

ERIC commends the Senate Finance Committee's efforts to increase transparency & accountability within the health system and recently joined a coalition with industry leaders urging the Senate to expand their focus to include hospital prices. Read more: bit.ly/43MRRmr

ERIC is producing a summary for members of the Proposed Rules to the Mental Health Parity and Addiction Equity Act released this morning. ERIC also created a working group to draft comprehensive comments on the Proposed Rule. Learn more here: bit.ly/44Yj7zw

Today, ERIC and coalition partners issued a letter to the U.S. Department of Treasury and the IRS requesting transition relief from new SECURE 2.0 Act Roth contribution requirements. Read ERIC’s press statement and entire letter here: bit.ly/3K39V4N

ERIC was honored to join a roundtable discussion today hosted by the Bipartisan Working Group on Paid Leave to highlight the need for relief from a growing patchwork of inconsistent state and local paid leave mandates. Learn more: bit.ly/44HMS7G

ERIC supports legislation that increases competition in the drug market, including the recent “Biosimilar Red Tape Elimination Act” introduced by Sen. Mike Lee (R-UT), Ben Ray Lujan (D-NM), Mike Braun (R-IN), and J.D. Vance (R-OH). Read more here: bit.ly/3OhxVDD

ERIC is continuing to advocate on behalf of its large employer members to ensure less burdensome plan administration & SECURE 2.0 implementation, including recommendation letters to the IRS. Read more on the potential impacts of Section 603 for employers: bit.ly/3pNAZOz.

Employers are limited by not having access to the information #transparency rules are designed to address. ERIC urges Congress to ensure better transparency & accountability by extending the ERISA fiduciary duty of plans sponsors to their PBMs. Read more👇bit.ly/3O41NTU