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County staff: new transparent PBM contract could trim prescription spending by about $7 million
Summary
Consultants told commissioners a switch to a pass-through pharmacy benefit-manager model under a 2026 contract should increase transparency and could save roughly $7 million annually for the county’s self-funded plan and members.
Hillsborough County staff and outside consultants on June 18 presented an analysis of the county’s prescription drug program and a planned transition to a pass-through pharmacy benefit manager (PBM) pricing model beginning in 2026.
Consultants from the Baldwin Group and Prism Health Group explained the current spread- or “traditional” model limits visibility into underlying drug prices and PBM revenues. Nick Getz of the Baldwin Group used an “iceberg”…
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