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Category: "Pharmacy benefit manager (PBM)"

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 »

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 »

09/23/18

  04:35:00 pm, by MedBen5   , 252 words,  
Categories: Prescription, Discounts, Pharmacy benefit manager (PBM), MedBen Rx Advocate

PBMs, PSAs, and Your Pharmacy Costs

To people outside the health care industry, the role of the pharmacy benefits manager (PBM) can be a bit unclear. Simply stated, PBMs act as intermediaries between insurers (or, in the case of self-funded plans, employers), drug companies, pharmacies,… 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 »

06/17/18

  08:13:00 pm, by MedBen5   , 229 words,  
Categories: News, Cost savings, Pharmacy benefit manager (PBM)

Government Talks about Rx Costs, But MedBen Already Has Solutions

During recent testimony to a Senate committee, Health and Human Services Secretary Alex Azar floated the idea of eliminating the rebates that drug companies and pharmacy benefit managers (PBMs) use in price negotiations. As noted on Bloomberg.com, "PBMs… more »

05/20/18

MedBen Closed Memorial Day, But We're Open Online 24/7

The staff of MedBen want to wish you and your family a happy and safe Memorial Day! Our home office will be closed on Monday, May 28 in observance of the holiday. We will reopen at 8:00 a.m. Tuesday, May 29. During this time, please remember that… more »

10/20/17

  08:54:00 pm, by MedBen5   , 192 words,  
Categories: News, Prescription, Transparency, Pharmacy benefit manager (PBM)

Pharmacy Benefit Transparency? Nothing New for MedBen Clients

Pharmacy benefit transparency has been given a national spotlight with Anthem’s well-publicized allegations that Express Scripts overcharged them for prescription drugs (creating, in Anthem's words, an “obscene profit windfall”). In the latest… more »