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New England States Create Drug Discount Pool

Wed, 11/08/2000 - 1:00am — Karen Stevenson
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The governors of New Hampshire, Vermont, and Maine announced that they have created a multi-state pool for the purchase of prescription drugs. The purchasing pool will include the Medicaid populations from all three states, about 330,000 people. By working together to focus on quality and management efficiency, the three states hope to save an estimated 10% to 15% on their prescription drug programs. The benefits of the combined purchasing pool will be available on a voluntary basis to other groups, including uninsured individuals, and businesses. They released a request for proposals, seeking bids from pharmacy benefits management companies to operate the purchasing pool.

The governors of New Hampshire, Vermont, and Maine announced that they have created a multi-state pool for the purchase of prescription drugs. The purchasing pool will include the Medicaid populations from all three states, about 330,000 people. By working together to focus on quality and management efficiency, the three states hope to save an estimated 10% to 15% on their prescription drug programs. The benefits of the combined purchasing pool will be available on a voluntary basis to other groups, including uninsured individuals, and businesses. They released a request for proposals, seeking bids from pharmacy benefits management companies to operate the purchasing pool.