Why Municipalities Don't Have To Raise Taxes: A Better Path to Expanding Social Services

Municipalities across the country face a common dilemma: how to expand social services without burdening residents with higher taxes. Traditionally, local governments have been limited to three primary options when seeking to fund new or expanded services: cutting existing programs, raising taxes, or finding ways to reduce current operational costs. However, there's an innovative solution that's often overlooked – optimizing pharmacy benefit management through a fiduciary approach.

The Challenge of Funding Expansion

When municipalities need to expand social services, they typically consider these options:

1. Eliminate or reduce existing services to redistribute funds
2. Increase the tax base to generate additional revenue
3. Better manage existing service costs to free up resources

While the first two options can be politically challenging and potentially burdensome to residents, the third option offers a promising path forward that doesn't require service cuts or tax increases.

The Power of Fiduciary Pharmacy Benefits Management

Working with a Fiduciary and The Fully Disclosed PBM? can transform how municipalities manage their healthcare costs. DisclosedRx has demonstrated that for every 10,000 members on a pharmacy benefit plan, municipalities can expect to save approximately $4 million by switching from a traditional PBM model.

These savings aren't achieved through benefit reductions or service cuts. Instead, they come from:

• Full Disclosure of all drug costs and rebates
• Enhanced specialty cost control programs that can reduce expenses by up to 75% per fill
• Agile Channel Management ensuring optimal medication sourcing
• Superior Member Service that helps participants make informed choices

Real Savings Without Compromise

What makes this approach particularly attractive is that it actually enhances rather than diminishes service quality. The DisclosedRx model operates with:

• A single, straightforward administrative fee
• 100% pass-through of drug pricing
• 100% pass-through of rebates
• Zero hidden fees or marketing spreads

Expanding Services Through Smart Management

The savings generated through this approach create a unique opportunity for municipalities. Instead of raising taxes or cutting services, local governments can redirect the saved funds toward expanding social services. This means communities can enhance their service offerings while:

• Maintaining current tax rates
• Preserving or expanding existing services
• Improving pharmacy benefits for employees
• Creating better health outcomes

A Win-Win Solution

By partnering with a Fiduciary and The Fully Disclosed PBM?, municipalities can achieve significant cost savings without compromising care quality. The enhanced Member Service experience actually leads to better outcomes, as members receive support in making informed healthcare decisions and accessing medications through optimal channels.

The result is a sustainable model for expanding social services that doesn't require difficult trade-offs. Municipalities can fulfill their mission of serving their communities more effectively while maintaining fiscal responsibility – truly a win-win solution for local governments and their residents.

Learn more here - https://disclosedrx.com/