FMA SUPPORTS BILL TO IMPROVE FEDERAL OVERSIGHT OF FEHBP PRESCRIPTION DRUG BENEFITS - May 19, 2015
Michael O'Connell, Federal News Radio
A new bill introduced by Rep. Stephen Lynch (D-Mass.) would improve federal oversight of the prescription drug benefits that federal employees, retirees and their families receive through the Federal Employees Health Benefits Program (FEHBP).
The Office of Personnel Management reports that FEHBP provides an estimated $45 billion in health care benefits annually. Of that, the program spends more than $10 billion on drug costs, which account for nearly 30 percent of FEHBP premiums.