Tommy G. Thompson Elected to Medco Board of Directors
Former Secretary of Health and Human Services, Wisconsin Governor Joins
Medco as an Independent Board Member
FRANKLIN LAKES, N.J., Oct. 16 /PRNewswire-FirstCall/ -- Medco Health Solutions, Inc. (NYSE: MHS) today announced the election of Tommy G. Thompson to the company's board of directors, effective Dec. 13, 2006. Thompson, 64, is the former Secretary of the Department of Health and Human Services (HHS), and currently serves as a partner in the law firm of Akin Gump Strauss Hauer & Feld. "Secretary Thompson is among the nation's leading health care advocates, and has dedicated his career to innovative, landmark advances, such as the Medicare Part D drug benefit, which for the first time extends to the largest segment of uninsured Americans the promise of affordable access to quality health care," said David B. Snow Jr., Medco's Chairman and CEO. "His experience and vision complements our distinguished and independent board, and will enhance Medco's ability to innovate, develop and deliver programs that redefine pharmacy services and deliver greater value to our clients and members." Thompson added: "Medco continues to pioneer solutions that manage our nation's growing prescription drug costs -- building state-of-the-art automated pharmacies that make dispensing more accurate and less expensive, developing clinical programs that improve patient safety and leveraging technology to deliver tools that help consumers make smart, cost-effective health care choices. I look forward to working with this experienced board and Medco's energetic executive management team as, together, we deliver on the promise that intelligent innovation can bring to prescription health care and effecting positive change for tens of millions of Americans." As HHS Secretary, Thompson was considered a trailblazer in the creation of the Medicare Part D program, provided states and local communities with resources to respond to terrorist attacks and public health emergencies, and implemented campaigns encouraging Americans to adopt healthier lifestyles. During his 14-year tenure as Governor of Wisconsin, Thompson focused on expanding access to health care for low-income individuals with "The BadgerCare program," a health insurance program for uninsured families. As a partner at Akin Gump, Thompson specializes in public law and policy, helping clients in the health care industry, both public and private. Thompson also serves as the independent chairman of the Deloitte Center for Health Solutions, where he works on improving the use of information technology in hospitals, clinics and doctors offices, and promotes healthy lifestyles and expanding the use of medical diplomacy around the world. About Medco Medco Health Solutions, Inc. (NYSE: MHS) is the nation's leading pharmacy benefit manager based on its 2005 total net revenues of nearly $38 billion. Medco's prescription drug benefit programs are designed to drive down the cost of pharmacy health care for private and public employers, health plans, labor unions and government agencies of all sizes, and for individuals served by the Medicare Part D Prescription Drug Program. Medco's technologically advanced mail-order pharmacies and award-winning Internet pharmacy have been recognized for setting new industry benchmarks for pharmacy dispensing quality. Medco serves the needs of patients with complex conditions requiring sophisticated treatment through its specialty pharmacy operation, which became the nation's largest with the 2005 acquisition of Accredo Health, Incorporated. Medco is the highest-ranked pharmacy benefit manager on the 2006 Fortune 500 list. On the Net: http://www.medco.com. This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release should be evaluated together with the risks and uncertainties that affect our business, particularly those mentioned in the Risk Factors section of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission.
SOURCE Medco Health Solutions, Inc.
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