Fierce Healthcare February 24, 2020
Medicaid managed care organizations (MCOs) saved states and taxpayers billions on prescription drugs in 2018, a new report backed by the insurance industry found.
Consulting firm The Menges Group analyzed the financial performance of MCOs on behalf of America’s Health Insurance Plans (AHIP) and found the private Medicaid plans accounted for $6.5 billion in net savings on drugs in fiscal 2018.
Net costs per prescription in managed care were 27% lower than those for traditional Medicaid, according to the study.
“When states rely on Medicaid managed care plans to provide integrated drug benefits to enrollees, they do even better and deliver more savings for taxpayers every day,” said AHIP CEO Matt Eyles in a statement. “This study...
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