Bureau Signs New PBM Contract After Problems With Optum

After a decade with the same pharmacy benefits manager, the Ohio workers' compensation system has signed a contract with a new vendor, which officials hope will mean significant savings in the years ahead. The contract with Change Healthcare begins Nov. 1 and comes three months after an audit showed that the current PBM, OptumRx, failed to keep drug prices below the maximum allowable cost as required. That underperformance by Optum cost the state-run monopoly workers' compensation system almost $5.7 million in 2017, the February audit showed. Instead of the contracted price of $22.9 ...