TRS Selects Merck-Medco To Provide Pharmacy Care for More Than 140,000 Public Education Employees.Business Editors
FRANKLIN LAKES, N.J.--(BUSINESS WIRE)--Jan. 18, 2002
The Teacher Retirement System of Texas (TRS See traffic engineering methods.
TRS - term rewriting system ) has selected Merck-Medco, the nation's leading pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. benefits manager, to provide pharmacy care services for TRS-ActiveCare, Texas' first statewide health care program for public education employees.
TRS-ActiveCare will go into effect on September September: see month. 1, 2002 and is expected to have more than 140,000 eligible participants.
"The Texas Legislature The Texas Legislature is the state legislature of the U.S. state of Texas. The legislature meets at the Texas State Capitol in Austin. In Texas, the Legislature is considered the most powerful branch of state government because of its aggressive use of the power of the purse to has created under TRS administration an innovative health care program for its public education employees, which will be one of the largest of its kind in the U.S.," said Richard T. Clark, president, Merck-Medco. "Merck-Medco has a tradition of creating equally innovative programs that can reduce the rising costs of and improve access to high-quality pharmaceutical care. We appreciate TRS' trust and confidence in our ability to serve their participants."
Under the agreement, which runs through August 31, 2004, Merck-Medco will manage the prescription care for TRS' public education employees through Merck-Medco's 13 home delivery pharmacies This article is a list of major pharmacies (also known as chemists and drugstores) by country. Australia
Pharmacies in Australia are mostly independently-owned by pharmacists, often operated as franchises of retail brands offered by the three major , complemented by a network of more than 55,000 retail pharmacies. Blue Cross and Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of Texas will be the medical plan administrator of the new program.
"We are pleased to know that such experienced and highly respected firms as Merck-Medco and Blue Cross Blue Shield will be responsible for managing this new statewide health care program," said Charles L. Dunlap, TRS executive director.
Earlier this month Merck-Medco announced a four-year agreement to provide pharmacy care services for 80,000 United Airlines domestic employees.
The Teacher Retirement System of Texas delivers retirement and related benefits that have been authorized au·thor·ize
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.
2. To give permission for; sanction: by the Texas Legislature and manages a trust fund established to finance member benefits. More than one million public education employees, and retirees currently participate in the system. For more details on TRS, visit www.trs.state.tx.us.
Merck-Medco is the leading pharmacy benefits manager in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . An independently managed subsidiary of Merck & Co., Inc., Merck-Medco serves the needs of more than 65 million people, or nearly one in four Americans. Merck-Medco manages more than 450 million prescriptions per year for its clients through its 13 home delivery pharmacies and retail pharmacy networks. More information on Merck-Medco is available at www.merckmedco.com.