prescription drug benefit

Members Overwhelmingly Pass Contract Extension

March 13, 2017 // 0 Comments

By GREGORY N. HEIRES Members overwhelmingly approved a contract extension that will allow millions of dollars to be poured into the union welfare plan’s financially-troubled prescription drug plan. An independent monitor, the American Arbitration Association, announced the results of the mail-ballot vote on March 10. Members approved the extension by a vote of 94 percent, with 22,526 in favor and 1,196 opposed. “The passage of the contract extension is a very significant step toward protecting the plan from being devastated by the relentless pressure of rising drug prices,” said DC 37 Executive Director Henry Garrido. This extension will earmark $24 million to the DC 37 Health & Security Plan, which provides the popular drug benefit. Under an agreement between the city and the union, the city will permanently raises its annual contribution to the DC 37 Health & [More...]

Vote “Yes” to Protect Your Drug Benefit

February 17, 2017 // 0 Comments

  By GREGORY N. HEIRES Mail ballots went out today  to more than 90,000 members for a vote on a contract extension to protect the union’s popular prescription drug plan, which has been rocked in recent years by the pharmaceutical industry’s pursuit of excessive profits. The contract extension, which the union and city agreed to in January, will enable the DC 37 Health & Security Plan to continue to provide stable benefits to members and retirees. During the past eight years, the pharmaceutical industry has raised prescription drug prices by 105 percent. Today, prescription drugs consume 76 percent of the costs of the welfare fund, which also covers the dental benefit and other benefits managed by the plan. The DC 37 Health & Security Plan faces a $55 million deficit. The contract extension is one of a number of critical steps the union is taking to protect the drug [More...]