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Massachusetts To Assume Risk In Rx Insurance Contract With AdvancePCS

Executive Summary

Massachusetts will serve as the risk-bearing entity in its contract with the pharmacy benefit manager AdvancePCS for the state's prescription drug insurance program.

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Massachusetts Rx

Massachusetts may suspend its Rx drug insurance program Prescription Advantage April 1 if its waiver request is not approved by the Centers for Medicare & Medicaid Services. The waiver would reimburse the state for half the costs of the $100 mil.-a-year drug program; 80,000 seniors are enrolled (1"The Pink Sheet" April 9, 2001, p. 17). Massachusetts plans to develop a new senior drug discount program by the end of March...

Massachusetts Rx

Massachusetts may suspend its Rx drug insurance program Prescription Advantage April 1 if its waiver request is not approved by the Centers for Medicare & Medicaid Services. The waiver would reimburse the state for half the costs of the $100 mil.-a-year drug program; 80,000 seniors are enrolled (1"The Pink Sheet" April 9, 2001, p. 17). Massachusetts plans to develop a new senior drug discount program by the end of March...

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