FutureScripts(R) Wins Business of UFCW Local 1776 for Pharmac... ( Price access and service levels w...)

FutureScripts(R) Wins Business of UFCW Local 1776 for Pharmacy Benefits

Date:11/6/2008

Price, access, and service levels were key reasons, says union president

PHILADELPHIA, Nov. 6 /PRNewswire/ -- FutureScripts senior vice president Paul N. Urick, R.Ph., announced today that the United Food and Commercial Workers (UFCW) Local 1776 and its Participating Employers Health and Welfare Fund have agreed to and implemented a three-year agreement to offer its members pharmacy coverage through FutureScripts. UFCW Local 1776's new contract with FutureScripts provides pharmacy benefits to more than 17,000 union members and their families in southeastern Pennsylvania.

"We are extremely pleased that UFCW Local 1776 and the Fund has chosen to offer its members and their families FutureScripts pharmacy coverage, and we look forward to helping the union build upon its reputation as a high-quality provider of health benefits," said Urick, who leads operations for FutureScripts.

Wendell W. Young, IV, president of Local 1776 and chairman of the Fund, said the rising cost of health care has become one of the most difficult challenges for unions to manage. "FutureScripts gave us the right solution for our needs, including the access our members are accustomed to, the service they demand, the reporting capabilities we need, and a very competitive price that helps us manage our health care costs across the board," Young said. "We conducted an exhaustive search -- quite a comprehensive proposal process of national pharmacy benefit managers -- and in the end it was clear FutureScripts had everything we needed right here in our own backyard," he added.

Partnership model provides value-added resources for employer groups

FutureScripts also serves as the independent pharmacy benefit manager for Independence Blue Cross. Together they approach customers through a partnership model. For example, when large employer groups such as Local 1776 purchase their medical benefits from IBC and their pharmacy coverage from FutureScripts, they are ben
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