Villaraigosa to unveil discount prescription drug program for L.A. residents
Following up on a 5-year-old campaign promise, Los Angeles Mayor Antonio Villaraigosa plans to announce this morning the launch of a discount prescription-drug program for city residents.
The mayor’s office estimates that residents who sign up for the new pharmacy card could save from 5% to 40% on their prescriptions at participating pharmacies, depending on the cost of the drug.
The program will be run by a pharmaceutical benefits manager, which will achieve savings by negotiating lower prices or rebates with pharmaceutical companies and wholesalers. The city has selected Envision Pharmaceutical Services, which has similar programs in Ohio and Florida.
Eligibility requirements vary in bulk purchasing programs in other states and cities around the country, but under the Los Angeles program, there would be no enrollment fee and all city residents would be eligible.
Villaraigosa plans to lay out the details this morning at a senior center in Montecito Heights.
-- Maeve Reston at City Hall