The Pacific Business Group on Health (PBGH), The ERISA Industry Committee (ERIC) and the National Alliance of Healthcare Purchaser Coalitions (National Alliance) have partnered to launch the Employers’ Prescription for Affordable Drugs (EmployersRx), a coalition uniting employers in advocacy for policies that will address our nation’s biggest health care challenge – the high cost of prescription drugs.
U.S. drug costs represent the single fastest growing component of health care costs for employers and the workers for whom they provide coverage. Brand drug costs have increased by double digits annually for nearly a decade and much of the burden is falling on the employers, who purchase health care for 181 million American employees and family members and pay on average 75 percent of the cost of that care.
The coalition’s goal is a bipartisan solution that advances their three core principles: transparency, competition, and value, which result in lower drug costs for all. EmployersRx is committed to driving the passage of legislation by urging policymakers toward a path of actionable solutions for patients, families, employers, and all Americans who feel the brunt of high prescription drug costs.
For more information about the launch of this coalition, read the press release.