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Three New England States Form Drug-Buying Cooperative

MANAGED CARE September 2000. © MediMedia USA
News and Commentary

Three New England States Form Drug-Buying Cooperative

MANAGED CARE September 2000. ©2000 MediMedia USA

Now that the governors of Maine, New Hampshire, and Vermont have agreed to form a prescription drug-buying cooperative, the hard work of fleshing out the plan begins. State health and insurance officialswill hire a pharmacy benefit manager to buy drugs and manage utilization. The group plans to solicit proposals from PBMs next month.

Political pressure to reduce out-of-pocket expense for people with minimal or no prescription coverage is intense in the three states, where there has been national publicity about pharmaceutical-buying expeditions to Canada.

But a lot of details must be worked out, and who gets what is likely to be the stuff of political theater. Who would benefit is unclear. The states would probably start with Medicaid, but in theory, the PBM could manage benefits for everyone.

Meetings

Private Health Insurance Exchanges Conference Washington, D.C. October 7–8, 2014
National Healthcare Facility Management Summit Palm Beach, FL October 16–17, 2014
National Healthcare CFO Summit Las Vegas, NV October 19–21, 2014
National Healthcare CXO Summit Las Vegas, NV October 19–21, 2014
Innovative Member Engagement Operations For Health Plans Las Vegas, NV October 20–21, 2014
4th Partnering With ACOs Summit Los Angeles, CA October 27–28, 2014
2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014