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...
Sep 7, 2019 | MedBen Rx Advocate, MedBen Rx Alliance, Pharmacy Benefits Manager (PBM), Rx Costs, Rx Spending
An article released by Health Payer Intelligence focuses on the concern that employers have about the rising cost of health care. More specifically, the article states that with 85 percent of employers surveyed, pharmacy pricing was their predominant concern going...
Jun 14, 2019 | MedBen Rx Advocate, Pharmacy Benefits Manager (PBM), Transparency
A recent article in the Columbus Dispatch highlights how pharmacy benefits managers (PBMs) are making big profits on the backs of the taxpayers and threatening the existence of the independent pharmacy. The article focuses on the Ohio Medicaid program, but this issue...
Mar 25, 2019 | Average Wholesale Price, MedBen Rx, Pharmacies, Pharmacy Benefits Manager (PBM), Rebates, Rx Costs, Rx Spending, Transparency
In just four years, U.S. retail prescription drug spending grew nearly 27%… a substantial increase that illustrates the need for pharmacy solutions like those available through MedBen Rx. A new report from the Pew Charitable Trusts found that annual spending on...
Feb 12, 2019 | Discounts, MedBen Rx, Pharmacies, Pharmacy Benefits Manager (PBM), Spread Pricing
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: Anthem Health...
Jan 29, 2019 | Discounts, MedBen Rx, Pharmacies, Pharmacy Benefits Manager (PBM), Rx Costs
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 designed...
