Posts Tagged ‘Electric Boat’
Pharmacy comes onboard
Submarine maker Electric Boat hopes to trim health-care costs for itself and its workers by opening a pharmacy near its Quonset Point production yard.
With prescription drugs accounting for 20 percent of Electric Boat’s health-care costs and increases coming every year, company officials said yesterday that they need to put a lid on that spending. They see the pharmacy as a logical extension of the other health and wellness programs Electric Boat already sponsors.
“This is part of an integrated health-care approach,” said Alvin J. Ayers, director of health, wellness and disability benefits for Electric Boat.
A division of General Dynamics, Electric Boat employs about 2,000 people at the Quonset Point facility. The pharmacy is intended to serve 5,000 EB workers, retirees and their families.
“This availability of health care is an issue of increasing importance to us and our employees,” said John P. Casey, EB’s president. “The cost savings are key to our program.”
The company hired CHD Meridian Healthcare, a unit of I-trax Inc., to run the Electric Boat Family Pharmacy. CHD Meridian operates 230 health-care centers, including 30 pharmacies, for companies around the country.
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