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The ERISA Industry Committee [ERIC] and more than 100 stakeholder groups
Nov. 12, 2025
"PBMs play a powerful role in determining which medications are accessible and affordable. Today, three PBMs process nearly 80% of prescription drug claims in the U.S., giving them immense market power. This consolidation has created a skewed marketplace that drives up drug costs, limits patient choice, and makes it difficult for employers to negotiate contract terms for medications.... These consequences are real, and they are urgent to address."
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