The Edinburg Independent School District’s self-funded health plan is hemorrhaging. Plan costs have increased 100% over the past five years driven to a large extent by specialty drugs.
Apollo Vanguard, a San Antonio based company, facilitates Canadian drug importation on behalf of members through employer sponsored health plans.
Recently Apollo Vanguard performed a cost analysis for the ECISD outlining the savings to be achieved. Below is the analysis:
In this instance a $1,000,000 savings could be better spent on teacher resources rather than funding the black hole of the American pharmaceutical industrial complex.
Why would ECISD or any other self-funded health plan not do this?
ABOUT APOLLO VANGUARD, A Pharmaco Tourism Company
Apollo Vanguard understands the health insurance industry with it’s complexities and utilization of the services from physicians, hospitals, pharmaceuticals and other related expenses. We have made it our mission to diligently search for best quality of health practices with low but reasonable cost.
A number of industry publications agree that prescriptions and hospital charges are the two highest cost drivers for any health plan …Specialty Prescriptions being the highest cost. While almost every US health and insurance professional focuses on what they can do to market their focused area we at Apollo Vanguard provide a global reach with over 12 years of experience. While we offer multiple services the three areas of greatest impact are Pharmaco Sourcing, Pharmacogenomics and Medical Travel.
Pharmaco Sourcing offers the lowest cost Specialty Name Brand Prescriptions with access to the same manufacturers/wholesaler as in the US. These prescriptions are priced to the global market unlike the US market with multiple layers of resellers. Basically, we’ve removed the Prescription Benefit Management (PBM’s) system giving patients and self-insured employer sponsored health plans savings of 35% to 75% as compared to traditional US health plan access. Our pharmacy facility is considered an overlay (embedded) in your current health plan as an optional source for these cost saving prescriptions.
The program can be implemented anytime without waiting for the health plan effective date therefore realizing immediate savings.
Pharmacogenomics is testing individuals for a geno-type that determines how genes react to certain prescriptions. The aim is to identify what medications work best and at what dosage. It also prevents adverse reactions or even death because of certain genes and how they interact with other prescriptions. Specialty prescriptions are costly so it makes sense to personalize the right medication at the right dose at the right time.
