Albany County announces $11M in prescription drug savings

ALBANY, N.Y. (NEWS10) -- Albany County Executive Daniel McCoy alongside Health Insurance Solutions Inc. (HISI) president and CEO Nanette Poserina announced the results of a case study analyzing savings in the county since the start of the Prescription Drug Coverage program in 2021. The study determined that to date, the program has saved Albany County a total of $11,761,373.

HISI announced that Albany County will also recoup $1,532,929.51 as a result of rebate funds for 2023's third and fourth quarters. HISI and Express Scripts administer the program.

"It is vital that we continue to implement programs that improve County government and make us more efficient and more cost-effective," said Albany County Executive McCoy. "Our partnership with Health Insurance Solutions, Inc. has allowed us to lower the costs of the prescription drugs for our employees without sacrificing quality. These savings in turn will go back into the pockets of Albany County taxpayers and be used for the critical services and programs for residents."