It has come to my attention that not everyone is aware of Medco's Low Cost Generic Drug Program. Back in March of this year, Alcatel-Lucent, Medco and the Joint Healthcare Cost Containment Committee (JHCC) were pleased to announce the availability of over 400 generic drugs for $10 or less for a 90-day supply through Medco's Mail Order Pharmacy.
The Joint Retiree Healthcare Committee (JRHC) has completed annual negotiations in regard to the Formerly Represented Retiree Healthcare Plan for 2010. Each year, as negotiated in 2004, the JRHC reviews Retiree healthcare costs reported by the Company to have exceeded the negotiated Retiree Healthcare Caps for that year. The Committee is required to "True Up" the balance of the excess cost by making changes to the Medical and/or Prescription Plan Designs, as well as Provider-recommended programs designed to help save future costs for the Plans and for the Retirees. The JRHC must also consider possible increases to Retiree contributions.