LISTEN: Eichelberger Introduces Bill to Save Billions, With a “B”

Article posted on May 8, 2018

HOLLIDAYSBURG (May 8, 2018) – State Senator John H. Eichelberger, Jr. (R-Blair), introduced legislation today that will save the state billions of dollars in prescription drug costs for its public employees.

“My bill modernizes the process for selecting and monitoring pharmacy benefit manager (PBM) contracts across the Commonwealth,” said Senator Eichelberger. “New technology is available that provides transparency in both the bidding and implementation of the contracts, to ensure taxpayers that the drug plans afforded to public employees have the most competitive prices.”

Recently, New Jersey took advantage of this type of technological approach, and is expected to save $1.6 billion in prescription drug costs for its public employees over the three-year term of its new PBM contract.

Under Senator Eichelberger’s bill, public sector entities would be authorized to use specialized software and to require advanced bidding techniques, such as reverse auctions, to provide them with the most detailed comparison of bidders possible.

And, once a PBM is selected and begins service, the legislation would provide for real-time, electronic auditing of the PBM’s invoices. Being able to continuously review bills claim-by-claim and line-by-line to flag errors and overcharges before the bills are paid by the state will validate and ensure financial accuracy and compliance with contract terms.

“By tracking performance and utilizing real-time insights to improve prescription fill rates and drug adherence, we will improve patient outcomes for public sector employees and their families,” said Eichelberger. “We will achieve substantial savings without any cuts in benefits and no compromises in the quality of health care.”

LISTEN:  Additional Comments, pt. 1

LISTEN:  Additional Comments, pt. 2

Please contact Patrick Schurr, Executive Assistant, at 1-866-509-EICH(3424) or email pschurr@pasen.gov for additional information.

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