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Category: "Prescription"

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09/06/19

  06:04:00 pm, by Abbie Brown   , 204 words,  
Categories: Prescription, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance

MedBen Ahead of Pharmacy Costs

An article released by HealthPayer Intelligence focuses on the concern that employers have about the rising cost of health care. More specifically, the article states that with 85 percent of employers surveyed, pharmacy pricing was their predominant… more »

08/24/19

  12:42:00 pm, by MedBen5   , 144 words,  
Categories: Prescription, Cost savings, MedBen Rx Alliance

Low Drug Prices & Qualified Employers Unite with MedBen Rx Alliance

It makes sense that qualified hospitals can purchase drugs at prices lower than even the largest retail chain. But what if we told you that you may be eligible to reap the benefits of this as well? If you’re a hospital, local school system, university… more »

08/08/19

  12:11:00 pm, by MedBen5   , 184 words,  
Categories: Prescription, Cost savings, MedBen Rx Advocate, Rebates

MedBen Rx Advocate: No Inflation, No Discounts, No Gimmicks

If you’re tired of trying to figure out all of the confusing lingo and mathematics of the pharmaceutical world, MedBen Rx Advocate is for you. Our straightforward approach to pharmacy solutions has been proven to save clients money and the best part is,… more »

06/28/19

  02:49:00 pm, by MedBen5   , 147 words,  
Categories: Announcements, Prescription, Online Services, MedBen Employees, MedBen Access

Happy Independence Day! MedBen’s Closed July 4th, But MedBen Access Stays Open

Happy Independence Day from the entire MedBen team! We hope you enjoy a safe and relaxing break as we celebrate America’s birthday. In observance of the holiday, MedBen will be closed on Thursday, July 4 and will reopen on Friday, July 5 at 8:00 a.m.… more »

06/13/19

  09:14:00 am, by MedBen5   , 167 words,  
Categories: Prescription, Cost savings, Pharmacy benefit manager (PBM), MedBen Rx, MedBen Rx Advocate

PBMs' Egregious Pricing Methodology Remains Untamed, but MedBen Rx Advocate Has the Solution

A recent article in the Columbus Dispatch highlights how pharmacy benefits managers (PBMs) are making big profits on the backs of the taxpayers and threatening the existence of the independent pharmacy. The article focuses on the Ohio Medicaid program,… more »

05/30/19

  08:17:00 pm, by MedBen5   , 120 words,  
Categories: Prescription, Cost savings, Transparency, Pharmacy benefit manager (PBM), MedBen Rx, Rebates

With MedBen Rx, Employers Pay Only What’s Necessary

The MedBen Rx approach to drug pricing is straightforward. We keep client costs low by reimbursing pharmacies what they pay for prescription drugs, plus a reasonable dispensing fee. By doing so, we ensure that self-funded employers get the maximum value… more »

05/19/19

MedBen Shatters Industry Norms

MedBen medical and pharmacy claim costs rose only 0.4% per employee for clients in 2018, shattering national data norms that reported an average of 6% cost increases. Our pharmacy claim costs alone dropped 2.7% last year, due to the introduction our new… more »

Memorial Day Reminder

The staff of MedBen want to wish you and your family a happy and safe Memorial Day weekend! Our home office and client services will be closed on Monday, May 27 in observance of the holiday. We will reopen at 8:00 a.m. on Tuesday, May 28. But should… more »

05/18/19

  10:23:00 am, by MedBen5   , 166 words,  
Categories: Prescription, Cost savings, Transparency, MedBen Rx

Price Disclosure in Rx Ads Doesn’t Tell Full Story

The Trump administration recently announced that drug makers will now have to include prices in their TV advertising beginning this summer. Prescription drug cost transparency is a good thing… and MedBen makes transparency a keystone of its pharmacy… more »

05/05/19

  11:52:00 am, by MedBen5   , 183 words,  
Categories: Prescription, Cost savings, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance

MedBen Clients Reduced Costs Nearly 3% Using Rx Solutions

Employers who utilized MedBen pharmacy solutions in their 2018 plans realized an average 2.7% decrease in per-member spending from 2017. The cost reductions coincide with last year’s emergence of MedBen Rx’s innovative programs to help clients lower… more »

04/21/19

MedBen Municipality Clients Saw Lower Claim Costs in 2018

"In 2018, per-employee net claim costs for our municipality block decreased 4.9% from 2017," announced MedBen Vice President of Sales & Marketing Brian Fargus at the 13th Annual Municipality Roundtable on April 11. This reduced cost factors both… more »

04/05/19

  03:25:00 pm, by MedBen5   , 191 words,  
Categories: Prescription, Cost savings

Overprescribing Drugs Raises Costs, Health Risks

The ongoing movement to reduce prescription drug spending focuses primarily on the cost factor. But as Shannon Brownlee and Judith Garber contend in a Stat opinion piece, overprescribing of drugs also carries financial and health risks. "Between 2000… more »

03/23/19

  11:05:00 am, by MedBen5   , 217 words,  
Categories: News, Prescription, Transparency, Pharmacy benefit manager (PBM), MedBen Rx, Rebates

Rx Spending Hikes Call for Smart Solutions

In just four years, U.S. retail prescription drug spending grew nearly 27%... a substantial increase that illustrates the need for pharmacy solutions like those available through MedBen Rx. A new report from the Pew Charitable Trusts found that annual… more »

03/08/19

  01:27:00 pm, by MedBen5   , 197 words,  
Categories: Prescription, Cost savings, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance

All MedBen Clients Can Benefit from Rx Solutions

MedBen Rx offers every MedBen client a better way to provide and manage prescription benefits, regardless of their size or industry type. Our pharmacy solutions counter inflated prescription list prices with common-sense saving strategies.… more »

02/23/19

  03:27:00 pm, by MedBen5   , 232 words,  
Categories: Prescription, Cost savings, Transparency, Specialty Drugs, MedBen Rx, Rebates

Government Fixes to Rx Prices a Slippery Slope

A recent Wall Street Journal editorial warns that government efforts to address prescription drug prices could produce undesirable consequences… and it's why MedBen Rx believes that market-driven solutions are the preferable method to reducing consumer… more »

01/27/19

  02:39:00 pm, by MedBen5   , 264 words,  
Categories: Prescription, Cost savings, MedBen Rx

While Titans Battle Over Drug Costs, MedBen Rx Offers Solutions

A recent high-profile disagreement between Walmart and pharmacy benefits manager (PBM) CVS Caremark exemplifies the friction between pharmacies and PBMs about prescription pricing... and the power that PBMs possess to influence drug costs. MedBen Rx was… more »

01/13/19

  11:22:00 am, by MedBen5   , 217 words,  
Categories: Prescription, Discounts, Cost savings, Research, MedBen Rx, Rebates

Fight Back Against New Year’s Drug Price Increases

New year, higher drug prices. According to The Wall Street Journal, a representative analysis of major pharmaceutical companies found that the prices of their brand name and generic drugs have risen by an average of 6.3% in 2019 – modest compared to… more »

12/30/18

A Note from Our Executive Chairman and President

To our customers, consultants, and brokers: Happy new year from MedBen! In 2018 we celebrated our 80th anniversary, which gave us a chance to reflect on our beginnings and growth as a health benefits manager. It's great to reminisce but we prefer to… more »
  03:46:00 am, by MedBen5   , 357 words,  
Categories: Prescription, Discounts, Cost savings, MedBen Rx, Rebates

AWP Smoke and Mirrors

Drug pricing can be a confusing business… and much of the confusion stems from a drug’s average wholesale price, or AWP. Simply defined, the AWP is the average price that a pharmacy or other retailer pays a wholesaler for a drug. But as straightforward… more »

12/28/18

  11:17:00 pm, by MedBen5   , 126 words,  
Categories: Announcements, Prescription, Cost savings

2019 Formularies Now Available at MedBen.com

Formulary updates for prescription plans administered by Ventegra and Pharmacy Data Management, Inc. (PDMI) are now available at MedBen.com – simply click on “Plan Sponsors” (for employers) or “Plan Members” (for insureds) and select “Prescription… more »

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