MedBen Rx Blog
Rx Plans Focusing on Best Outcomes Also Deliver Healthier Bottom Line
MedBen Rx clients can save between 10-30% by using comparative effectiveness focusing on the best drug outcomes. One way it does this is by dispelling the costly misperception that “new is better.” “A new FDA approved drug doesn’t mean it’s better than existing...
New MedBen Rx Program Reduced Client Diabetic Drug Spend by 77%
MedBen Rx Comparative Effectiveness uses evidence-based research to make sure your members are taking the most effective drugs at the best cost. A MedBen Rx client recently changed their formulary by using Comparative Effectiveness to focus on drugs that would produce...
Have You Downloaded the MedBen Mobile App?
Checking claims and benefits information is easier than ever through the MedBen Access mobile app. Search for “MedBen” in the Apple App Store or Google Play to download to your smartphone or tablet. In addition to claims status and benefit coverages, the app allows...
January 2021 Drug Price Increases
GoodRx has compiled a list of drugs that saw manufacturer price increases in January 2021. In total, 589 drugs – all but seven of them brand-name medications – increased in price, by an average of 4.2%. Among the better known brand-name drugs on the list are Humira...
Don’t “Rein In” PBMs… Cut Them Out with MedBen Rx
A Columbus Dispatch article outlines the struggles Ohio Medicaid has experienced in trying to “rein in the middlemen in the prescription drug supply chain” – pharmacy benefit managers. Their year-long effort to replace outsider PBMs with a state-run PBM has met with...
MedBen Rx Member Prescription Portal Launches December 1
On December 1, MedBen Rx will roll out the new Member Prescription Portal. This easy-to-navigate site, available online through MedBen Access or via our mobile app, is designed to help members better manage their pharmacy plan and make cost-effective prescription drug...
Fraker, Fargus Featured Speakers at Healthcare Innovation Conference
MedBen Vice Presidents Caroline Fraker and Brian Fargus were among the featured speakers at the Sherrill-Morgan 7th Annual Healthcare Innovation Conference on Thursday, October 1. In her presentation, Senior Vice President Fraker discussed the potential problems of...
MedBen Saving Solutions Counter Affordability Concerns
A National Alliance of Healthcare Purchaser Coalitions survey asked employers what they thought were the greatest threats to coverage affordability. Their responses… and how MedBen counters these concerns with proven saving solutions: Drug prices are a threat to...
“Wasteful Drugs” Cost Employers $6 Billion Annually
Employers could save billion of dollars every year by avoiding “wasteful drugs,” according to BenefitsPro. Guidelines from Pacific Business Group on Health and and researchers from Johns Hopkins University identified 49 high-price medications with less costly...
Most Expensive Drugs in the U.S.
Myalept tops the list of the most expensive drugs currently sold in the United States, as compiled by GoodRx. Used to treat leptin deficiency, Myalept carries a list price of $71,306 for a 30-day prescription. Mavenclad, a multiple sclerosis treatment, follows at...
MedBen Rx Advocate Continues to Save
Three-quarters of MedBen clients have switched to MedBen Rx Advocate for their pharmacy benefits. “And when they do, they are saving money,” said Brian Fargus, MedBen’s VP of Sales & Marketing. In 2019 MedBen Rx clients saved 12.0% average cost per script, and an...
Comparing Traditional and Pass-Thru PBM Contracts
As an agent or a plan administrator, it is important to understand how PBM contracts compare – “not just in terms of the numbers calculated for things like discounts and rebates, but also in terms of how they function and align (or fail to align) with your client’s...