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...
May 22, 2019 | Government, MedBen Rx, Rx Advertising, Rx Costs
The Trump administration recently announced that drug makers will now have to include prices in their TV advertising beginning this summer. Prescription drug cost transparency is a good thing… and MedBen makes transparency a keystone of its pharmacy plans, so clients...
May 7, 2019 | MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, MedBen University, Pharmacies, Rx Costs, Rx Spending
In an era where employer pharmacy plans routinely face annual double-digit cost increases, MedBen clients are seeing things differently. Employers who utilized MedBen pharmacy solutions in their 2018 plans realized an average 2.7% decrease in per-member spending from...
Apr 19, 2019 | Online Services, Reporting, Rx Costs, Rx Spending, Savings
To give employers the most accurate and up-to-date information possible, MedBen has partnered with Deerwalk, Inc. to provide an upgraded data analytics and reporting platform. The strong reporting that MedBen clients come to expect is now even stronger. With our...
Apr 5, 2019 | Overprescribing, Rx Costs, Rx Spending
The ongoing movement to reduce prescription drug spending focuses primarily on the cost factor. But as Shannon Brownlee and Judith Garber contend in a Stat opinion piece, overprescribing of drugs also carries financial and health risks. “Between 2000 and 2012,...
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...
