Oct 23, 2018 | Legislation, MedBen Access, MedBen Rx, Online Services, Rebates, Rx Costs, Transparency
In an effort to improve drug pricing transparency, the Department of Health and Human Services recently released a proposal requiring drug companies to include their list prices in consumer ads. But MedBen already provides far more transparent Rx solutions. Drug...
Oct 10, 2018 | MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Pharmacy Benefits Manager (PBM), Rx Costs, Savings, Spread Pricing
Spread pricing 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 pricing from the cost equation altogether. Simply...
Sep 25, 2018 | Discounts, MedBen Rx, Pharmacy Benefits Manager (PBM), Pharmacy Services Administrator (PSA), Rebates
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, and consumers....
Sep 17, 2018 | MedBen Access, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Online Services, Rx Costs
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...
Aug 24, 2018 | MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Rx Costs, Savings, 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 an acquisition cost paid by the pharmacy, which it then...
Jul 29, 2018 | MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Online Services, Rx Costs
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 their Rx...
