Nonprofit medical plan collaborates with Amazon Pharmacy, Mark Cuban Cost Plus Drug Company and others to provide more affordable pharmacy care
oakland, california, August 17, 2023 /PRNewswire/ — Blue Shield California today announced a new pharmacy care model designed to solve the problem of today’s broken prescription drug system. Non-Profit Health Plan Transforms How Medicines Are Purchased and Delivered to Its 4.8 Million Members by Selecting Organizations that Share Blue Shield’s Vision for More Affordable and Transparent Pharmacy Services doing.
Today’s announcement is a significant milestone in Blue Shield’s Pharmacy Care Reimagined initiative, which will help provide members with convenient and transparent access to medicines while reducing costs.If the Blue Shield multi-year strategy is fully implemented, the medical plan will be up to $500 million for annual drug costs.
Most American adults Take at least one prescription drug each year, and more than one-third of adults take at least three drugs each year.It already costs a lot, and the total spending on prescription drugs is US is consistently rising. in 2021the American health care system $600 billion About prescription drugs – about $1,500 per person, per year.
The current pharmacy care system allows some stakeholders to be rewarded for selling more medicines at higher costs. Blue Shield aims to transform this system into a value-based model, making the medicines it needs more affordable for its members.
“The current pharmacy system is very expensive, very complicated, completely opaque, and designed to maximize the benefits of participants rather than quality, convenience and cost-effectiveness for consumers.” said he. Paul MalkovichPresident and CEO of Blue Shield California. “That’s why we’re working with like-minded partners to build a whole new, more transparent system that gets the right medicines to the right people at the right time, at a significantly lower cost. .”
In today’s pharmacy supply chain, up to a dozen companies may be involved in the process from when a drug is manufactured to when it is received by a member. Some add complexity and cost without adding value or providing transparency into the rationale for pricing. To simplify the system and reduce unnecessary costs, Blue Shield selects five companies that share the same philosophy and technology standards to build a new innovative model, subject to regulatory approval Did. Blue Shield will continue to provide its members with an integrated, tailored, and holistic pharmacy experience.
- Amazon pharmacy provides fast and free delivery of prescription drugs with status updates, prepaid pricing, and 24/7 access to pharmacists.
- Mark Cuban Cost Plus Pharmaceutical Company Establish a simple, transparent, and more affordable pricing model to reduce unexpected drug costs at the pharmacy pick-up counter.
- Abarca pays prescription drug claims quickly and accurately, while continuing to evolve its technology platform, Darwin, to support new and simplified payment models.
- Prime Therapeutics The company will work with Blue Shield to negotiate savings with pharmaceutical companies and move to a value-based model that aligns drug prices with patient efficacy and health outcomes.
- CVS Caremark provides specialty pharmacy services, including education and intimate patient support, to members with complex conditions.
“Amazon Pharmacy is thrilled to be joining Blue Shield. California It’s part of our effort to help our members get the medicine they need, when they need it, at an affordable price.” John Love, Vice President of Amazon Pharmacy. “Amazon’s prepaid pricing, on-time delivery, and access to 24/7 clinical care enable us to deliver a customer-centric pharmacy experience that supports better health outcomes.”
“Our company is built on a commitment to providing transparent, affordable prescription medicines for everyone, and we are thrilled to be working with Blue Shield.” California Alex Osimansky, founder and CEO of the Mark Cuban Cost Plus Drug Company, said, “We are changing this part of the healthcare system in such an impactful and meaningful way. We hope other companies will follow suit in our efforts to solve this complex and inefficient prescription drug supply.” chain. ”
Blue Shield has a proven track record of advocating for drug costs and price reform through public policy efforts and various collaborations, including Evio Pharmacy Solutions, Gemini Health, CivicaScript, and Synergie Medication Collective. Pharmacy Care Reimagined is an ongoing rethinking health This strategy is Blue Shield’s innovative plan to transform the healthcare system and make it valuable, sustainable and affordable for friends and family.
About Blue Shield California
the blue shield of California strives to build a sustainable, affordable healthcare system that our families and friends deserve.the blue shield of California is a taxpayer, non-profit, independent member of the Blue Shield Association with more than 4.8 million members and over 7,500 employees. $24 billion on an annual basis. Founded in 1939. San Francisco and is currently headquartered in Aucklandblue shield California and its affiliates provide medical, dental, vision, Medicaid and Medicare healthcare service plans in the United States. California.The company has contributed more than $97 million Donated to the California Foundation’s Blue Shield in the last three years, California community.
For more information on Blue Shield, CaliforniaPlease come news.blueshieldca.com.
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contact:
Jonah Constantine
the blue shield of California
510-607-2359
[email protected]
Source: Blue Shield California
