Prescription drugs are a big business. While prescription medications are vitally important to individuals, the companies that produce them invest a lot of time and money to bring their product to market. Pharmaceutical companies continue to increase budgets to both grow the market for their medications and protect the market penetration they have already achieved.
National Cooperative Rx’s Annual Report has been completed and our financial information from 2016 is available to the public. For a comprehensive overview, please check out our 2017 Annual Report. 2016 was a groundbreaking year for National CooperativeRx and our members. With 78,314 participants joining us from 34 new member groups across the country, we have participants in every state!
Never in the history of the Cooperative have we added as many participants as in 2016. It was a record year with 78,314 new participants joining us from 34 new member groups. Totaling over a quarter million participants, National CooperativeRx has never been this large or had this much purchasing strength.
As I begin as CEO of National CooperativeRx, my focus will be on the members. While directing the benefit plans for WCA Group Health Trust gives me a good base, my experience is by no means all encompassing. I look forward to speaking with each of you to gain knowledge and perspective. Together we can achieve new heights.