ERISA Industry Cmte.
@ERISAIndCmte
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ERIC helps America’s largest employers stay ahead of employee benefit policy.
Washington, DC
Joined March 2013
RT @bettersol4hc: “One significant [healthcare] cost driver that is increasingly under the microscope is the impact of hospital consolidati…
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Tackling Health Care Consolidation: Congress Can Curb Costs by ERIC's President & CEO James Gelfand
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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
Today, alongside my co-chair @RepBice and our bipartisan working group on paid family leave, I released draft texts of two bills to increase access to paid leave through coordination with state plans and public-private partnerships. Learn more ⬇️
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ERIC thanks @virginiafoxx for championing clear and workable #mentalhealth regulations. Her leadership is crucial in making sure regulations are fair, practical and administrable.
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RT @AFFHPCoalition: Health care consolidation ⬆️prices w/o improving quality. Our response to @TheJusticeDept, @HHSGov & @FTC 's recent RF…
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RT @AFFHPCoalition: We applaud @SenatorHassan for leading an essential discussion today on health care affordability. Site neutral payments…
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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:
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Read more from @PLANSPONSOR on ERIC's recent ask to Congress to reexamine plan sponsor premiums.
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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:
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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.
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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:
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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:
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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:
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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:
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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:
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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:
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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👇
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The Roth catch-up requirements in SECURE 2.0 present recordkeeping and other challenges for large retirement plan sponsors. ERIC joined a coalition of industry leaders to urge Congress and the Treasury Department to delay its implementation. Read more:
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ERIC has joined coalition partners in filing an amicus brief with the Ninth Circuit Court of Appeals, urging the Court to affirm a lower court’s ruling of ERISA preemption of certain California breach of contract & promissory estoppel at issue. Read more:
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“A more accountable and transparent PBM industry has the potential to save employers billions of dollars.” Read more from ERIC SVP of health policy Melissa Bartlett's recent @EBNbenefitnews PBM op-ed:
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