Medicaid held a pharmacy stakeholder group meeting to discuss the transition of pharmacy benefits from Managed Care back to fee-for-service which is to be finalized by April 1, 2021. The state anticipates a savings of $87.5 million (state share) for SFY 2021-22 which will be achieved through increased rebates to the state, 340B savings, and other efficiencies by eliminating Medicaid Managed Care plans/PBMs which have margins in process now. Medicaid will host pharmacy stakeholder meetings through this transition process.
For more information, please contact NACDS’ Ben Pearlman at 617-515-2603.