The audit found that ESI overcharged the Carrier and the Federal Employee Health Benefits Program (FEHBP) nearly $44.9 million by not passing through all prescription drug discounts and credits required under the Carrier’s contract with OPM.
By Kellie Lunney – January 12, 2017 All insurance carriers participating in the Federal Employees Health Benefits Program in 2018 should continue their efforts to effectively manage prescription drug use among beneficiaries while trying to rein in escalating costs, the Office of Personnel Management advised in its annual call letter to FEHBP carriers. OPM wants…
In this issue: Prescription Drug Costs May Increase Under Trans-Pacific Partnership GOP Presidential Candidates Discuss Slashing Social Security, Medicare if Elected Department of Labor Releases Proposal to Protect Retirement Savings Senate Passes Medicare Sustainable Growth Rate (SGR) Replacement U.S. Spending on Prescription Drugs Reaches an All-Time High Medicare Turns 50: LBJ’s Vision
