NYRx is a Municipal Cooperative formed pursuant to Section 119-o of the NYS General Municipal Law. Its purpose is to deliver prescription benefits to eligible employees and retirees of public sector employers in New York State and to achieve cost savings through the following:
NYRx was formed in 2007 and currently has four public sector members. Each was able to achieve cost savings while maintaining their own unique collectively bargained prescription benefit plans.
This website was prepared with funds provided by the New York State Department of State under the Shared Municipal Services Incentive Grant Program.
Prescription drugs are vital to preventing and treating illness and in helping to avoid more costly medical problems. Rising drug costs, implementation of the Medicare Part D drug benefit in 2006, and expansion of both the number of people covered by health insurance and the breadth of their benefits from the passage of health reform legislation in March 2010 have highlighted the need for a better understanding of the pharmaceutical market and for new approaches to address increasing prescription costs.
Government, Health Plans Focus on PBM Transparency as a Means of Controlling Costs
- Increased health risks and financial concerns burden seniors with highest medication use
- One in four seniors take between 10 and 19 pills a day
Prescription Drug Benefit Cost & Plan Design Report