Jan 23, 2020 | MedBen Rx, MedBen Rx Advocate, Pharmacies, Prescription drugs
According to the National Alliance of Healthcare Purchaser Coalitions, more than 60% of employers say drug spending is unsustainable for their business, and they’re now demanding drug pricing transparency – something MedBen Rx Advocate already delivers. With MedBen Rx...
Jan 10, 2020 | MedBen Rx, MedBen Rx Advocate, Rx Costs, Rx Spending, Savings
It is not uncommon for drug manufacturers to raise prescription drug prices at the beginning of the year, and 2020 is no exception. According to new consultancy data, U.S. drug prices increased an average of 5.3 percent on January 1st. Among the common medications...
Nov 15, 2019 | MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Pharmacy Benefits Manager (PBM), Prescription drugs, Rx Costs, Rx Spending, Savings
Prescription drug pricing is regularly a hot topic in the news and from political candidates. While lawmakers seek to address consumer concerns, MedBen already has innovative pharmacy solutions in place that offer employers price transparency and cost savings. With...
Oct 18, 2019 | MedBen Rx, MedBen Rx Advocate, Pharmacies, Pharmacy Benefits Manager (PBM), Spread Pricing, Transparency
A key to reducing pharmacy plan costs is to eliminate the use of spread pricing – the difference between what pharmacy benefit managers (PBMs) charge employer plans for drugs and what the actual pharmacy pays for them. Often, this “spread” can be substantial, as PBMs...
Jul 12, 2019 | Guarantees, MedBen Rx, MedBen Rx Advocate, Rebates, Rx Costs, Savings
Many employers get caught up in the promised savings offered by rebate guarantees… but little do they know this could actually be costing them money, for several reasons. The first issue with rebate guarantees is that the most significant rebates are associated with...
Jun 4, 2019 | MedBen Rx, Transparency
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 from their...
