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Category: "MedBen Rx"

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 »

07/29/18

  09:38:00 pm, by MedBen5   , 272 words,  
Categories: Announcements, Online Services, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance

MedBen Rx Site Offers Two Unique Saving Solutions

Because prescription drug costs continue to play an increasingly large role in health care spending growth, MedBen has been working overtime to find saving solutions. Recently, we developed not one, but two new pharmacy programs to help clients lower… more »

07/15/18

  11:01:00 pm, by MedBen5   , 173 words,  
Categories: Prescription, Online Services, Transparency, MedBen Rx, MedBen Rx Advocate

MedBen Rx, Truly Transparent

If you’re a client, you already know that 100% of all paid manufacturer rebates go back to our clients. But true Rx transparency also demands that consumers know what they're paying for their medications – and so we provide that, too. Simply by logging… more »