Join us for our installment of the Pacesetters Doing Business series featuring Boston Planning and Development Agency on December 7, 2023.
3:00pm - 4:00pm
Jenny Holaday will share her journey into leadership as President of Encore Boston Harbor and first woman to run a casino in Massachusetts.
2:00pm - 4:00pm
Encore Boston Harbor
Step into Winter Wonderland at our BIMA Holiday Gala. Gather your digital media and marketing peers for a night of networking and entertainment.
6:30pm - 9:30pm
Designed for mid-level managers and supervisors, this new certificate program addresses workplace well-being through unique, innovative, and actionable methods.
Join our Transformational DEI Certificate! Our comprehensive learning & development offerings are designed to connect and grow strong leaders who lead both inside and out of the office.
Our Women’s Leadership Program enables you to take your leadership to the next level by arming you with the most in-demand leadership toolkit.
Our Boston’s Future Leaders (BFL) program provides emerging leaders with a socially conscious and civically engaged leadership toolkit, as well as the opportunity to apply their knowledge through experiential assignments.
City Awake empowers young professionals in a variety of ways that encourages these rising leaders to stay invested in the region’s future success.
We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).
The Fierce Urgency of Now Festival brings Boston’s diverse young professionals together with business leaders, organizations and their peers to build connection, advance careers and ignite positive change.
BIMA (the Boston Interactive Media Association) serves a vibrant community of like-minded professionals from agencies, brands, publishers, and ad-tech companies with business interests in the New England market.
For nearly 30 years, the Chamber’s Women’s Network has connected female professionals of all background and career levels. Today, our Women’s Network is the largest in New England, strengthening the professional networks of women each year.
The Massachusetts Apprentice Network convenes employers, training providers, and talent sources interested in developing and implementing apprenticeship programs in occupations across industries and statewide in fields such as tech, advanced manufacturing, healthcare, financial services, and more.
We support small business through public policy initiatives, events designed to connect small businesses in Greater Boston to their peers and established business leaders, professional development offerings, and free small business advising.
Explore our mission and values to better understand how we are leading the business community forward.
Our member directory is your resource to discover, connect, and engage with Boston’s businesses from every industry and sector.
November 14, 2023
On behalf of the Greater Boston Chamber of Commerce and our 1,300 members, I write to offer comments on S.2499, An Act relative to pharmaceutical access, costs and transparency. One of the Chamber’s guiding health care policy principles is that the state must strike a balance between supporting our cornerstone health care industry and ensuring that world-class care is accessible and affordable for residents, businesses, and the state budget.
The Chamber supports the goal to include pharmaceutical manufacturing companies and pharmacy benefit managers (PBMs) in health cost trends analyses and hearings. Including both in Health Policy Commission (HPC) public hearings and Center for Health Information and Analysis (CHIA) reporting will provide useful data and analysis to aid in health care cost reviews. Steps like permitting the HPC to study drugs can support qualitative and quantitative analysis about whether costs are justified.
While the Chamber strongly supports expanding public hearings and data analysis, it is necessary to emphasize the exceptional cooperation that results in regular, voluntary appearances in which private entities (including hospitals and health plans) discuss their products, services, and operations in public settings. With that in mind, the Chamber opposes required disclosure of detailed information on their businesses, like marketing expenses, research and development expenses, and capital funding expenses – which may undermine the competitiveness of these institutions by disclosing key proprietary information to competitors. It is unclear how this additional information would reduce health care costs, whether for specific companies, sectors, or the industry as a whole.
The Chamber also urges the Senate to take caution in any attempt to curb cost sharing for certain drugs. In the cases of both price setting and eliminating cost sharing, health care costs are not reduced. Instead, those costs are shifted to increased premiums, making health insurance more expensive for employers and employees alike.
As with any comprehensive legislation, the Legislature should consider the impacts this bill will have on our broader economy. We urge the Senate to avoid adopting amendments that will only add to health care costs broadly, and specifically, costs to employers, including self-insured, and employees in sponsored plans. These considerations are particularly relevant because health care plays an integral role in our regional and state economy. In Massachusetts, the health care industry directly accounts for 17 percent of jobs in the state and indirectly accounts for tens of thousands of additional jobs. The industry here includes world class providers, pharmaceutical breakthroughs, and among the largest share of insured residents in the country.