Sep 18, 2020 | MedBen Rx, Pharmacies, Pharmacy Benefits Manager (PBM), Rx Costs, Rx Spending, Savings, Transparency
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...
Jun 27, 2020 | MedBen Rx, Pharmacy Benefits Manager (PBM), Pharmacy Services Administrator (PSA)
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...
May 3, 2020 | MedBen Rx, MedBen University
From 2015 to 2019, MedBen’s municipality block saw just a 2.7% trend on total claim costs. At the 14th Annual Municipality Roundtable Webinar on April 30, Vice President of Sales & Marketing Brian Fargus shared that municipality medical costs trended at 3.4%...
Mar 6, 2020 | MedBen Rx, Prescription drugs
With the novel coronavirus COVID-19 a constant topic in the news nowadays, many consumers are stocking up on various drugs. MedBen is recommending no change to the current prescription drug refill guidelines for our clients and here’s why: Most wholesalers have a good...
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...
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...
