Medco Approved to Offer Medicare Prescription Drug Plans to Medicare Beneficiaries Nationwide in 2007
Medco and Medicare Prescription Drug Plan 2007
Medco Health Solutions, Inc. the nation's leading pharmacy benefit manager, has been designated by the Centers for Medicare and Medicaid Services (CMS) to offer its national Medicare Prescription Drug Plan (PDP), Medco YOURx PLAN(TM), for a second consecutive year. Medco is one of only 17 national PDP sponsors.
"In the past nine months, we've seen firsthand the value Medicare Part D provides to the more than 1.2 million Part D individuals we served in 2006, and we look forward to our continued role in providing this important benefit, both as a partner with our clients and through our own PDP," said David B. Snow Jr., Medco chairman and CEO.
Medco is an approved PDP sponsor in all 34 Medicare regions, including Alaska and Hawaii, and will extend its services to Puerto Rico in 2007. Medco Containment Insurance Company of New York and Medco Containment Life Insurance Company, both subsidiaries of Medco, underwrite Medco's PDP offerings.
Medco will continue to serve as the pharmacy benefit manager for its health plan clients' Medicare