WPS Press

WPS Health Insurance Decides to Offer Medco's Medicare-Approved Discount Drug Card in Wisconsin

The WPS and Medco Preferred Prescription Discount Card Will Cut Drug Costs, Improve Safety

Madison, WI -- April 6, 2004 WPS Health Insurance (WPS) is offering Medco Health Solutions' (NYSE: MHS) Medicare-approved Preferred Prescription Discount Card to Medicare beneficiaries. On March 25, the Centers for Medicare and Medicaid Services (CMS) announced that Medco is one of 28 Medicare-approved sponsors to offer prescription discount drug cards to the more than 41 million Medicare beneficiaries nationwide.

"This partnership will provide a total solution for the prescription medication needs of a population that historically has had no leverage in obtaining discounts for prescription drugs," said Bob Andrew, WPS Vice President, Marketing Services. "We want to provide our Medicare beneficiaries with benefits above and beyond cost-savings, such as access to convenient mail order pharmacies, drug utilization review to reduce medication errors and innovative programs that encourage the use generics and promote healthy living."

The WPS and Medco Preferred Prescription Discount Card Program will provide Medicare beneficiaries with access to discounts of up to 30 percent or more on virtually all branded and generic prescription medications on the list of drugs CMS has approved as eligible for coverage. In addition, WPS and Medco will provide access to:

• Medco's Mail Order Service, which provides unmatched safety and dispensing accuracy with the convenience of home delivery, and may offer additional cost-savings
• Drug utilization review (DUR) to help reduce medication errors
• Access to any of the 40,000 retail pharmacies in Medco's nationwide Medicare-approved discount card program
• Generic drug substitution programs to ensure members have access to lower cost generics, when clinically appropriate, as soon as they are available
• Medco's award-winning Web site, www.medcohealth.com, which offers convenient access to prescription benefit information, online pharmacy transactions and an expansive library of healthcare information (Please note that you will be leaving the WPS website)
• Around-the-clock access to Medco's Customer Care Center where members can speak with one of the company's 1,800 highly skilled pharmacists about their medications, or a customer service representative, who can assist with pharmacy transactions and plan questions

The WPS and Medco Preferred Prescription Discount Card will be available for an annual fee of $25.

Registration for the card will begin on May 3. Beginning on that date, Medicare beneficiaries can enroll by mail, through Medco and WPS's toll-free hotline, 1-877-659-5143, or online at y.

Additional information about Medicare-approved discount drug cards is available from CMS by calling 1-800-MEDICARE or visiting www.medicare.gov.

About Medco

Medco Health Solutions, Inc., a leading pharmacy benefit manager with the nation's largest mail order pharmacy operations, assists its customers to moderate the cost and enhance the quality of prescription drug benefits provided to members nationwide. Its customers include private- and public-sector employers and healthcare organizations. Medco is traded on the New York Stock Exchange under the symbol MHS. On the Net: www.medcohealth.com (Please note that you will be leaving the WPS website).

Nine Organizations Decide to Offer Medco's Medicare-Approved Discount Card Program

Contacts:

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 which 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 presentation 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 Registration Statement on Form 10 filed with the Securities and Exchange Commission (SEC File No. 1-31312).