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Category: "MedBen Rx"

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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

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 »

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 »

02/10/19

  11:14:00 am, by MedBen5   , 305 words,  
Categories: News, Pharmacy benefit manager (PBM), MedBen Rx

Biggest? Nope. Best? That’s the Goal.

High-profile health care companies continue to buy each other in an effort to be “biggest and best.” Meanwhile, MedBen continues to grow as it has for over 80 years... by providing clients with superior benefits management services. A quick recap:… 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

  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 »

12/02/18

  04:48:00 pm, by MedBen5   , 243 words,  
Categories: Prescription, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Generic Drugs, Brand-Name Drugs

MedBen Rx Tackles Brand-Name Increases

Modern Healthcare recently highlighted the growing disparity between brand-names and generics in relation to prescription drug spending. A new study finds that while total spending on generic drugs has declined, branded prescription drug spending… more »

11/18/18

  10:18:00 pm, by MedBen5   , 244 words,  
Categories: News, Prescription, Pharmacy benefit manager (PBM), Specialty Drugs, MedBen Rx

The Clear Solution to Rx Spending Trends

A New York Times article examines the dramatic rise in U.S. prescription drug costs over the past two decades. American drug spending was once on par with other wealthy countries, but between 1997 and 2007 our drug spending tripled... and took off again… more »

11/05/18

  11:09:00 pm, by MedBen5   , 243 words,  
Categories: Prescription, Cost savings, MedBen Rx

Generic Drugs: Effective and Cost-Efficient

As the prescribing of generic drugs has become more commonplace, most consumers have come to see that these medications work just as well as their pricier band-name equivalents. Indeed, when a generic alternative is available, MedBen clients see a 98%… more »

10/21/18

  08:47:00 pm, by MedBen5   , 221 words,  
Categories: Discounts, Online Services, Cost savings, Transparency, Legislation, MedBen Rx, Rebates

MedBen Rx Solutions Put Transparency Up Front

Drug pricing transparency is currently a hot government topic: On October 10, President Trump signed two bills designed to end the drug industry's "gag order" of pharmacists, which prevent them from discussing cheaper price options with consumers.… more »

10/07/18

  09:25:00 pm, by MedBen5   , 348 words,  
Categories: Cost savings, Pharmacy benefit manager (PBM), MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance

MedBen Fights Back Against PBM Spread Pricing

Spread is a little-discussed aspect of prescription drug pricing, but its impact on pharmacy plan costs can be huge… and it’s why MedBen has responded with new pharmacy programs designed to remove spread from the cost equation altogether. Simply… more »

09/17/18

“New” Drug Pricing Tools? Not for MedBen

A Managed Healthcare Executive article spotlights "New Drug Pricing Tools Could Save Money" -- among them, a recently launched "real-time benefits tool" that shows out-of-pocket costs for medications based on a patient's plan benefits. Sound like a… more »

08/24/18

MedBen Rx: Lessons in Savings and Transparency

A recent Forbes.com headline refers to U.S. prescription drug pricing practices as "Lessons in Obfuscation." Unlike most products that have clearly defined prices, prescription drugs start with a list price set by the manufacturer, which is then… more »

08/12/18

  04:24:00 pm, by MedBen5   , 230 words,  
Categories: Prescription, Wellness, Preventive care, Claims management, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance

Million-Dollar Claims Continue to Rise, But MedBen Has Solutions

The Affordable Care Act's elimination of lifetime benefit maximums has led to a surge in million-dollar medical claims, with the number nearly doubling in the past four years. It’s one more reason why MedBen is dedicated to developing savings strategies… more »

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