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Committee hears Bailey Group pharmacy analysis showing potential multi-million-dollar savings for city health plan
Summary
City committee heard a Bailey Group presentation showing the city—ould reduce pharmacy costs by several million dollars annually by changing pharmacy benefit management arrangements, increasing rebates and adding a specialty coupon program; presenters emphasized changes would not increase employee copays.
A Jacksonville special committee on Duval Doge on Feb. 18 heard a detailed pharmacy analysis from the Bailey Group that projects multi-million-dollar annual savings for the city—mployee health plan without changing member copays. Chair Ron Salem facilitated the presentation and said the committee will pursue next steps with city administration.
The consultant, Mark Bailey, told the committee the plan—overed $22,800,000 in gross pharmacy costs over the reviewed period and that gross cost per member per month was $314.83. Bailey said specialty drugs accounted for about $11,900,000 of that total and that shifting pharmacy benefit managers (PBMs) or changing contract terms could materially increase rebates and lower net cost.
Bailey presented comparative…
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