WASHINGTON – February 26, 2025 – High and rising costs of prescription drugs in the commercial market are one of the most pressing concerns for employers and purchasers across the country. To offer the employer perspective and call for federal policy changes to address, Shawn Gremminger, president and CEO of the National Alliance of Healthcare Purchaser Coalitions, testified before the House Energy and Commerce Subcommittee on Health at a hearing this morning.
“Consolidation, opacity, and market distortions in the pharmacy benefit manager market are among the most significant drivers of high and rising costs for employers, purchasers, and working families,” said Gremminger. “By taking action now, Congress can ensure that the private healthcare market functions as intended, preventing companies from steering patients toward higher-priced medications and away from more affordable options. Employers are clamoring for change and we strongly urge the government to act swiftly and pass bipartisan PBM transparency and accountability reforms to help mitigate their ever-growing healthcare costs.”
A link to the supporting documents including Gremminger’s written testimony and video from the hearing, An Examination of How Reining in PBMs Will Drive Competition and Lower Costs for Patients, can be accessed here.
2025 Health Policy Summit
Drug pricing reforms are among the topics of discussion at the 2025 Health Policy Summit on Thursday, March 6 at Georgetown Capitol Hill Campus. Hosted by the National Alliance and the Purchaser Business Group on Health, the Summit brings together employers and other healthcare purchasers, legislators, and other industry stakeholders for frank conversations on how to address the nation’s healthcare cost crisis. Learn more.
About National Alliance of Healthcare Purchaser Coalitions
For over 30 years, the National Alliance has united business coalitions and their employer/purchaser members to achieve high-quality care that improves patient experience, health equity, and outcomes at lower costs. Its members represent private and public sector, nonprofit, and labor union organizations that provide health benefits for more than 45 million Americans and spend over $400 billion annually. To learn more, visit nationalalliancehealth.org and connect on LinkedIn.
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