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Frequently Asked QuestionsWhat is WisconsinRx and National CooperativeRx? What is WisconsinRx and National CooperativeRx? WisconsinRx stands for the Wisconsin Prescription Drug Purchasing Coalition. It is made up of private organizations that have agreed to form a coalition to jointly negotiate for better drug prices for their employees and covered members. What is the purpose of the coalition?
How will WisconsinRx/National CooperativeRx save money for its members?
What is an evidence-based preferred drug list or formulary?
Who makes the determinations as to clinical effectiveness? WisconsinRx will consult with Wisconsin-based physicians and pharmacists who will review the clinical evidence and agree on which drugs are appropriate for the evidence-based preferred drug list. How many members are currently in WisconsinRx/National CooperativeRx? WisconsinRx/National CooperativeRx currently serves 450 employers and employer organizations nationwide providing prescription drug benefits to approximately 250,000 employees and dependents. The coalition was found by three employer organizations: WEA Trust, the state's largest not-for-profit insurance company which provides health insurance for over 350 Wisconsin school districts, The Alliance, a Madison-based employer-owned health cooperative with over 160 member employers, and the Fond du Lac Area Businesses on Health (FABOH), with 53 member employers are the founding partners. Yes, any business or coalition that can carve out its drug spend can join. WisconsinRx is a not-for-profit cooperative. Those who join are not merely members, they are stakeholders in the enterprise. This means their voice is heard in the decision-making process. Yes. How can my company become a member? Contact WisconsinRx/National CooperativeRx at (608) 204-9479 or info@wisconsinrx.com for details on how to become a member. |
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