Michigan Department of Treasury | State of Michigan Awards $287,851,925 Insurance Contract to Optumrx Inc (March 2020)
Michigan Department of Treasury | State of MichiganState · Lansing, MI- Disclosed value
- $287,851,925.27
- From agenda
- Awarded
- Mar 24, 2020
- Term
- FY20-21 to FY25-26 (varies)
The 30-second brief
The Board awarded OptumRx, Inc. a pharmacy benefit management contract worth approximately $288 million to administer prescription coverage for Michigan’s state health plans. The agreement spans multiple years with options to extend.
Optumrx Inc holds this insurance contract with Michigan Department of Treasury | State of Michigan. Its other public contracts on record include work for Pace Suburban Bus Division Of The Regional Transportation Auth and City of Irwindale.
Term as filed: FY20-21 to FY25-26 (varies).
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Contract details
- Contract type
- Insurance
- Amount
- $287,851,925.27
- Document date
- March 24, 2020
- Term
- FY20-21 to FY25-26 (varies)
- Vendor
- Optumrx Inc
- Source document
- state_administrative_board_meeting_agenda_march_24.pdf (Agenda)
Optumrx Inc's other public contracts
More Michigan Department of Treasury | State of Michigan contracts
Questions about this contract
Who was awarded the insurance contract by Michigan Department of Treasury | State of Michigan?
Optumrx Inc was awarded this insurance contract by Michigan Department of Treasury | State of Michigan, as recorded on March 24, 2020. The contract value is $287,851,925.27.
How much is the Optumrx Inc contract with Michigan Department of Treasury | State of Michigan worth?
The Optumrx Inc contract with Michigan Department of Treasury | State of Michigan is valued at $287,851,925.27, covering insurance work.
What type of contract is this?
This is a Insurance contract, documented as a agenda record.
Where was this contract approved?
This contract appears in state_administrative_board_meeting_agenda_march_24.pdf (Agenda), dated March 24, 2020 from Michigan Department of Treasury | State of Michigan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Optumrx Inc hold?
Optumrx Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Michigan Department of Treasury | State of Michigan currently buying?
Explore Michigan Department of Treasury | State of Michigan's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.