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New Hampshire PBMs are Working to Reduce Prescription Drug Costs for Millions of Granite Staters

In 2019, PBMs helped to provide Granite Staters access to more than 17 million prescriptions. PBMs are the only members of the prescription drug supply chain that are working to lower drug costs. Over 10 years, PBMs will save New Hampshire health plan sponsors, public programs, and patients nearly $5 billion on prescription drug costs.
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PBMs save Granite Staters: $2.4 Billion on commercial/private insurance, $2 Billion on Medicare Part D, $130 Million on MEDICAID. It is a total of $4.6 Billion.
Source: The Return on Investment (ROI) on PBM Services

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PBMs save patients and payers 40-50% on prescription drug and related medical costs, compared to what they would spend without PBMs.
Source: The Return on Investment (ROI) on PBM Services

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PBMs save patients an average of $962 per person, per year.
Source: The Return on Investment (ROI) on PBM Services

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During COVID-19

PBMs are working to help over 1 million Granite Staters safely access affordable prescription medications.

In the COVID-19 pandemic, PBMs are working with health plans, prescribers, drug manufacturers, pharmacists, and federal and state agencies to make sure patients in New Hampshire continue to receive their prescription drugs in a safe, efficient and affordable manner.

To mitigate the adverse effects that COVID-19 has on patients and communities across the state PBMs are:

  • Working with pharmacy partners to assist with mailing prescriptions; and
  • Temporarily waiving requirements for pharmacies to obtain proof-of-receipt signatures from patients, unless required by law

PBMs are also leading collaborative efforts with industry stakeholders, including pharmaceutical manufacturers, pharmacies, hospitals and health plans, to minimize the potential for a shortage of any drug for Granite Staters. If patients encounter a disruption for a specific medication, PBMs stand ready to work with both prescribers and health plans to identify covered and acceptable therapeutic substitutes.

 

 

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Read more about how PBMs are #OnYourRxSideNH

PBMs serve a critical role in the health care system: advocating for our patients and payers.

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Better Access. Better Cost. Better Health.

PBMs are advocates for Granite Staters in the health care system, working to lower out-of-control prescription drug prices for patients, and acting as your care coordinators to keep you safe and healthy.
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