MagnaCare Answers Need for New Prescription Drug Program

NEW YORK, July 7 /PRNewswire/ -- As part of its ongoing commitment to keeping
New York and New Jersey healthy, MagnaCare, the region's recognized leader in
innovative healthcare administration for over 20 years, is proud to announce
the launch of its new full-service pharmacy benefit management (PBM) program,
MagnaCareRx.

"Clients are demanding better solutions for pharmacy benefit management. With
costs rising, plan sponsors can't afford to continue with the status quo,"
said Michael Jordan, Senior Vice President of Sales, Marketing and Account
Management at MagnaCare.

This is especially true given the current climate of scrutiny on existing
PBMs. As the confidence of the 200 million Americans who get prescription drug
benefits through PBMs starts to waver, it's up to trusted companies like
MagnaCare to step in and offer a better alternative for its 500,000-plus
members. "We developed MagnaCareRx in response to feedback from our clients,
who have been telling us they want help lowering prescription drug benefit
costs without compromising quality of care or service [by offering] flexible
solutions through a single point of contact," said Jordan.

In a crowded pharmacy benefit management marketplace, MagnaCareRx stands apart
with:
-- Proven solutions for lowering drug costs with a strong generic drug
program, valuable rebate management and a client-first approach
-- Flexible formularies to allow maximum savings and customization for
clients over a wide range of industries
-- Unmatched client and member service - every time you call to speak
with
a representative about your prescriptions or benefit plan, you will
get
the same level of outstanding service for which MagnaCare has
consistently been praised

MagnaCareRx will offer plan sponsors a complete choice of prescription drug
services including a convenient retail pharmacy network of more than 61,000
pharmacies, prescription home delivery, a 90-day retail program, specialty
pharmacy benefits and much more - all backed with the same care, dedication
and integrity of the MagnaCare brand.

About MagnaCare
While other companies scramble to cover more lives in more states, MagnaCare
has been dedicated to offering thoughtful health plan solutions and an
unmatched provider network to its neighbors in New York and New Jersey for
more than 20 years - a true embodiment of its brand promise of "Care Right
Here." Its clients include self-insured organizations, Taft-Hartley Funds,
commercial insurers, Third Party Administrators (TPA) and municipalities.
MagnaCare offers physician network access and integrated solutions that
include full plan management services (claims adjudication, eligibility
management, client/customer service, etc.), predictive modeling analyses and
member outreach programs. Visit its site at www.magnacare.com.

SOURCE MagnaCare

media inquiries, Michael Jordan of MagnaCare, +1-516-282-8926,
mjordan@magnacare.com