Susan A. Rizzo, Albany County Comptroller
Office of the Albany County Comptroller Department of Audit & Control
Susan A. Rizzo, Albany County Comptroller Harold L. Joyce Albany County Office Building 112 State Street Room 1100 Albany, NY 12207 Phone (518) 447-7130Email Susan.Rizzo@AlbanyCountyNY.gov Visit me on FacebookVisit me on Facebook!

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County Executive McCoy and Health Insurance Solutions, Inc. Announce Prescription Drug Savings

Albany County Recoups Another $1.5 Million

Post Date:03/14/2024 12:06 pm

 HISI

 

Albany County Executive Daniel P. McCoy and Health Insurance Solutions, Inc (HISI) President and CEO Nanette R. Poserina have announced the results of the Albany County Case Study examining the savings achieved since the inception of the Prescription Drug Coverage program in 2021. Administered by Express Scripts and HISI, this program has saved the County a total of $11,761,373 to date.

“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.”

In addition, HISI announced Albany County will be getting back $1,532,929.51 which represents the rebate funds for the third and fourth quarters of 2023.

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Pic- left to right:  Deputy Albany County Executive Mike McLaughlin, CE McCoy (who is also President of County Executives of America), HISI President Nanette Poserina and County Executives of America Strategic Advisor Ed Caveney.

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