“We’re making more money now that they’ve terminated!” said the TPA owner. “Our runoff admin fees are triple and our PPO access fee changed to a percentage of the savings!”
What about the PBM contract? I asked. “Was there a penalty there too?”
“Of course!” he said. “Anytime you terminate a PBM contract you lose earned rebates. In this case the city lost hundreds of thousands of dollars. PBM’s are the poster child for termination penalties!”
The group you ask? The City of San Antono. But that’s a story for another day
Maybe it’s time you order an up-to-date Schuessler Stick Bil!
