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Pharmacy Benefit Transparency? Nothing New for MedBen Clients

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

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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 development, Anthem has announced a partnership with CVS designed to “bolster transparency” for clients beginning in the year 2020.

While MedBen applauds such efforts, our clients have experienced pharmacy benefit transparency for the last 15 years. And while transparency is important since all self-funded health plans should understand what happens to their money, it is only part of the equation. The other part is another critical element of MedBen’s pharmacy offering: pass-through pricing.

What pass-through pricing means is that the pharmacy discounts and paid rebates are passed on the client, rather than being shaved by a middleman. This is how MedBen has practiced pharmacy benefit management with our clients since we developed our program. The result is superior pharmacy benefit performance for MedBen clients.

There’s no need to wait until 2020 for true pharmacy benefit transparency... MedBen can deliver it to you today. It is how we do business. Learn more by contacting Vice President of Sales & Marketing Brian Fargus at bfargus@medben.com.

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