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New Jersey PAAD program will not contract for PBM services in FY 1996 under pending budget bill.

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Executive Summary

NEW JERSEY PAAD PROGRAM WILL NOT CONTRACT WITH PBM FIRMS, according to the FY 1996 budget passed by the New Jersey Assembly and Senate Appropriations Committees. The budget bill specifies that the Department of Human Services cannot contract with a pharmacy benefit management company to manage the pharmacy services received by the 237,000 beneficiaries of New Jersey's Pharmaceutical Assistance to the Aged and Disabled.

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