Schenectady County Taxpayers Save as Employee Prescription Drug Costs Drop 15.25%

Schenectady County Legislator Rory Fluman, Chair of the Committee on Intergovernmental Corporation, announced today that Schenectady County’s ground-breaking Schenectady Meds I Canadian Prescription Drug Program was down 15.25% for 2017 through September 30th compared to 2016.

“Schenectady County’s landmark plan is on track to reduce our County’s prescription drug costs by $554,625 for 2017, if our trends continue through the fourth quarter,” said Legislator Fluman.  “Even more impressive is that our projected 2017 prescription costs of $3,018,725 are is 9.59 percent lower than the County’s 2001 costs of $3,339,064.”

Schenectady County was the first county in the State to adopt an incentivized Canadian and U.S. mail order Rx plan in December 2004, and since then has constantly revised and improved the program in cooperation with its unions. 

“This cost-reduction in 2017 is the direct result of the County competitively bidding its Pharmacy Benefit Management Services and obtaining significant cost-savings,” said Legislator Grant Socha, Chair of the Committee on Civil Service.  “We did this after obtaining union agreement through the collective bargaining process.  This proves that our County’s good working relationship with our unions not only works, it saves money for the County, our employees, and our taxpayers. Once again, Working Together Works.”

The success of Schenectady County’s CanaRx and incentivized mail order program was used while developing the most recent County-wide intergovernmental cooperation cost-savings plan.    The three components of the plan include employee and retiree healthcare, solar energy, and energy efficiency through LED lighting and other conservation measures. The plan has been endorsed by all five towns, two villages and the City of Schenectady and could save taxpayers over $2.5 million each year.

“Because of Schenectady County’s track record of saving money on prescription drugs, we are using healthcare as a key part of our intergovernmental cooperation cost-savings plan,” continued Legislator Fluman.  “We are using this experience and expertise to assist all municipalities in saving taxpayer money.”

 


 

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