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Michigan Public School Employees' Retirement System Managed Prescription Drug Program Report 2024

MPSERS continues pharmacy benefit management with Optum Rx

Michigan Department of Technology, Management and Budget|Michigan Public School Employees Retirement BoardOPTUM RXJuly 17, 2025

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Michigan Public School Employees’ Retirement System continues its managed prescription drug program with Optum Rx, which administers pharmacy benefits, specialty drug management, and various clinical programs for Medicare and Non-Medicare members in 2024. The report highlights significant plan-paid drug expenditures, utilization trends, and savings from Optum Rx clinical interventions without specifying contract value or term end date.

Contract Details

Vendor

OPTUM RX

Agency

Michigan Department of Technology, Management and Budget|Michigan Public School Employees Retirement Board, MI

Contract Type

PROFESSIONAL_SERVICES

Document Date

July 17, 2025

Contract Term

Calendar Year 2024 (services reported; ongoing relationship as of July 17, 2025)

Renewal Info

The document is an outcomes report for calendar year 2024 and implies an ongoing PBM services contract between MPSERS and Optum Rx but provides no explicit renewal or extension terms.

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