International Funds

International Health Fund

Sav-Rx True to its Name

Journal: Issue 1 - 2013

A recently completed comprehensive review of top prescription benefit managers has confirmed that the Bricklayers and Allied Craftworkers' Prescription Coalition continues to save money with Sav-Rx.

BAC, together with its Coalition partners and the consulting firm Truveris, conducted an extensive evaluation of eight prescription benefit managers. Among the many areas compared were competitive pricing, long term cost management and customer service. Based on the results, Sav-Rx was retained as the Coalition's prescription benefit manager.

In addition, the Bricklayers and Allied Craftworkers' Prescription Coalition 2011 Annual Review was completed. Each participating Plan received its individual results. The overall result indicated an over-performance of $2,843,069 for the BAC Prescription Coalition. That means that Sav-Rx beat its contractual guarantees by more than 2.8 million dollars in 2011 for the Coalition. There have been no changes to the prescription plan designs, but the new contract proposes an additional 7 to 8% savings. Says International Health Fund Director Robin Donovick, "These savings couldn't come at a better time for our Funds!"

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