As a small business advocate for over 45 years, these past two years, without a doubt, have ranked as some of the most difficult. Small businesses have been forced to navigate California’s pandemic policies and faced supply chain issues, staffing shortages, inflation, and rising healthcare costs.
Many small business owners have sat sidelined to countless debates, repeatedly watching as well-intended policies fall short and costs continue to rise. And now, Congress’ latest debate is threatening one of the only tools employers have left to combat healthcare costs. Small business owners have no choice now but to speak up and urge lawmakers to consider the victims of the policies they are pursuing.
Pharmacy Benefit Managers (PBM) are shouldering the blame for rising healthcare costs, despite their proven ability to cut costs. However, Congress needs to understand that PBMs are the business community’s advocates in the drug marketplace. They make the job easier and help small business owners offer and provide maximum benefits for their employees.
Read Full Article »