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ANALYSIS <br />The improved January 1, 2025, pricing and rebates reflect a reduction in costs of approximately $300K <br />annually which represents an improvement of 5.62%. See attached pricing analysis. <br />BUDGETARYIMPACT <br />Funding for the pharmacy benefit is included in the health plan trust fund. <br />PREVIOUS BOARD ACTIONS <br />Approved initial agreement with RX Benefits in 2018 and subsequent annual renewals and amendments to the <br />pricing agreement. <br />STRATEGIC PLAN ALIGNMENT <br />Approved initial agreement with RX Benefits in 2018 and subsequent annual renewals and amendments to the <br />pricing agreement. <br />STAFF RECOMMENDATION <br />Staff respectfully requests the Board of County Commissioners approve and authorize the Board Chairman to <br />sign the updated 2024 Administrative Services Agreement reflecting the improved January 1, 2025 pricing with <br />RX Benefits after review and approval by the County Attorney. <br />Indian River County, Florida Page 2 of 2 Printed on 5/15/2025 <br />powered by Legistar- 70 <br />