TAMPA, Fla., Feb. 13, 2012 /PRNewswire/ -- Comprehensive Care Corporation ("CompCare" or the "Company") (OTCBB: CHCR.OB - News) today announced that it has launched its innovative new pharmacy management program designed to substantially lower prescription drug costs in California. "This is an innovative initiative, which has provided us with the ability, in almost every case, to materially lower the costs of prescription drugs for our clients. An example, outside of California, is noteworthy. One of our HMO clients is at risk for its member's prescription drugs and spends approximately $300 million annually. After analyzing the drug spend, CompCare offered to go at full risk for the identical drugs for only $270 million. If the client accepts this proposal, it would totally eliminate the client's drug cost risk, providing the client an immediate $30 million savings to its bottom line over its previous year drug spend," said Clark A. Marcus, Chairman and CEO. "We are able to provide savings because of our affiliation with a major retailer, affording us significantly lower prices," Mr. Marcus explained. "In California, at CompCare's sole cost and expense, we will conduct a detailed analysis of any potential client's pharmacy costs over any selected 90-day period. Based on … Continue reading
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