"I am projecting, based upon my analysis of current trends, that Schenectady County's drug costs for 2009 once again will not increase. I estimate that our annual savings for 2009 will reach $3,460,250, and that our cumulative five-year savings will be $9,282,309," said Schenectady County Legislator Philip Fields, D-Schenectady.
According to numbers provided by Gardner, the county has been steadily saving money with this program since its inception in 2005. The first year the program was in place, the county saved $586,182, the next year it saved the County $978,882, and so on. The total cumulative savings for Schenectady Meds thus far is $5,882,059.
"I take pride in the fact that I sponsored the legislation enacting Schenectady Meds with its innovative use of Canadian and U.S. mail order pharmaceuticals," said Fields. "Schenectady County was the first municipality in the state to utilize the Canadian option, and it is saving taxpayers more money each year. Our 2008 annual savings of over $2.5 million translates into a 4 percent reduction in the property tax rate."