Maryland Association of Boards of Education Partners with Keenan Pharmacy Purchasing Coalition

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According to a recent press release, the Maryland Association of Boards of Education (MABE) has partnered with Keenan Pharmacy Purchasing Coalition to offer member schools systems a new pharmacy benefits initiative that provides much needed fiscal relief from escalating prescription drug coverage.  As described,

Pharmacy expenses are a major driver of increasing health care costs. Between 2015 and 2020, annual drug expenditures are expected to increase over 40%. The Keenan Pharmacy Purchasing Coalition (KPPC) is an innovative pharmacy program that delivers cost savings and the most advanced prescription management capabilities for a school system’s employee benefit offering. KPPC allows them to take advantage of volume discount pricing and the most generous manufacturer rebates, while providing guaranteed improvement in drug cost management without changing your existing plan design.

Because school districts do not have to alter the design of current prescription plans to participate in this new program, KPPC’s savings are available to districts that are currently under contract with employee bargaining units. As total enrollment in KPPC reaches specified thresholds, all participating districts automatically receive reduced pricing.

County governments in Maryland may take advantage of the National Association of Counties (NACo) partnership with CVS Caremark, which provides a free prescription discount card exclusively for NACo member counties to offer to their residents.  All Maryland counties are current members of the National Association of Counties.

For more information about the NACo Prescription Discount Card Program, see these links:

 

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