BAC’s Health Care Task Force Offers a Solution to the Prescription Drug Crisis

The Segal Company Senior Vice President William Rivers reports on the BAC Health Care Task Force’s prescription drug study.

BAC’s Health Care Task Force, which was established to identify new ways to control rising health care costs without cutting benefits, has endorsed the IU’s participation in a union-only prescription drug purchasing coalition. The Task Force recommended this action after hearing presentations on the SavRx program and reviewing a study that compared a sample of existing prescription drug plans offered by BAC Local funds with the SavRx plan. In every instance, according to The Segal Company’s Senior Vice President William Rivers, the SavRx plan would provide a savings of anywhere from 6 to16 percent.

“The new BAC SavRx program is available to all of our Local health and welfare funds,” according to BAC President John J. Flynn. “By signing on to the BAC program, Local funds will become part of a much larger and stronger pool that will be able to negotiate better prices for our members than any single plan could do on its own. As the number of participants grows, we anticipate greater savings for our active, retired, and temporarily unemployed members.”