DOVER — On Monday, the State Worker Advantages Committee authorized award of pharmacy profit administration to CVS Well being.
Over a three-year interval, the contract with CVS Well being is estimated to offer pricing assure enhancements of $200 million or 21.8%, in comparison with the present contract.
For 2021, prescription drug value pattern is anticipated to proceed to outpace the Shopper Value Index, pushed principally by will increase in specialty medicine. The choice made by the SEBC addresses the continued improve in prescription drug costs whereas sustaining the supply of prescription advantages for State of Delaware Group Well being Plan members.
The State Group Well being Plan will transition to CVS Well being for energetic staff and non-Medicare retirees on July 1, 2021. Medicare retirees will transition on Jan. 1, 2022.