Metrocrest Chamber CEO warns against business-harming senate bill
For more than 50 years, the
Unfortunately, new legislation in
In
However, SB 1122 calls into question the protections that ERISA affords to
Protecting pharmacy benefits is critical. They grant Texans access to lower-cost pharmacies and provide convenient services like prescription home delivery. Employers can choose the pharmacy benefit packages that best suit the needs of their workforce and reduce costs for their business. Increased government regulations on pharmacy benefits will drive up prescription drug costs for employers and employees alike.
Despite the proven value of employer-provided pharmacy benefits, legislators still target these services with state-level health care mandates that will significantly increase health care costs for both employers and their employees and will directly interfere with businesses' ability to offer competitive benefits.
Allowing this type of government overreach will make it difficult for the state to attract and retain businesses and employees. It is a recipe for disaster for our state's business community.
While there are many competing priorities during this legislative session, I urge
Instead of imposing new health care mandates with bills like SB 1122, elected officials should let



Insurance Fight Follows Vermont Triple Homicide
Nasdaq Urges SEC to Regulate Crypto Like Stocks
Advisor News
- SEC manual shake-up: What every insurance advisor needs to know now
- Retirement moves to make before April 15
- Millennials are inheriting billions and they want to know what to do with it
- What Trump Accounts reveal about time and long-term wealth
- Wellmark still worries over lowered projections of Iowa tax hike
More Advisor NewsAnnuity News
- Variable annuity sales surge as market confidence remains high, Wink finds
- New Allianz Life Annuity Offers Added Flexibility in Income Benefits
- How to elevate annuity discussions during tax season
- Life Insurance and Annuity Providers Score High Marks from Financial Pros, but Lag on User Friendliness, JD Power Finds
- An Application for the Trademark “TACTICAL WEIGHTING” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
More Annuity NewsHealth/Employee Benefits News
- Tulane University Researchers Describe New Findings in Oral Cancer (Nationwide oral cancer screening and rural-urban disparities in oral cancer diagnosis, treatment and mortality: a population-based cohort study in Taiwan): Oncology – Oral Cancer
- Findings from University of Florida Provides New Data about Insurance (Barriers To Insurance Innovation): Insurance
- Data on Managed Care Reported by Researchers at Harvard Medical School (Year 1 Impact of Offering Non-Emergency Medical Transportation on Care Utilization Among Low-Income and Disabled Beneficiaries in Medicare Advantage): Managed Care
- Investigators from Harvard University Target Managed Care (Fluctuating State Medicaid Dental Coverage: Asymmetric Impact of Benefit Cuts and Expansions, 2010-21): Managed Care
- Research Conducted at Harvard University School of Dental Medicine Has Provided New Information about Health and Medicine (Dental Coverage Through Medicaid Managed Care vs Fee-for-Service): Health and Medicine
More Health/Employee Benefits NewsLife Insurance News
- Best’s Special Report: US Life/Health Insurance Industry Sees Impairments Halved in 2024
- Jackson Study Exposes Stark Disconnect Between Anticipation of Policy Change and Retirement Planning Conversations
- Thrivent plans to add 600 advisors this year
- Third Federal Named a top Financial Services Company by USA TODAY
- New Allianz Life Annuity Offers Added Flexibility in Income Benefits
More Life Insurance News