May 17, 2020 | MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Pharmacy Benefits Manager (PBM), Prescription drugs, Rx Costs, Savings
Three-quarters of MedBen clients use MedBen Rx prescription programs and are seeing the benefits first-hand. By utilizing our forward-thinking pharmacy solutions, these groups realized an average savings of 14.8% per employee per year, compared to those using other...
Feb 8, 2020 | MedBen Rx, MedBen Rx Advocate, Pharmacies, Pharmacy Benefits Manager (PBM), Pharmacy Services Administrator (PSA), Prescription drugs, Rx Costs, Rx Spending, Savings, Transparency
MedBen Rx Advocate offers clients true transparency by removing the ability for pharmacy benefits managers to manipulate drug pricing. By using fee-based pricing, we avoid the margin markups that PBM “middlemen” use to inflate their profits. The Hill reports that...
Nov 15, 2019 | MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Pharmacy Benefits Manager (PBM), Prescription drugs, Rx Costs, Rx Spending, Savings
Prescription drug pricing is regularly a hot topic in the news and from political candidates. While lawmakers seek to address consumer concerns, MedBen already has innovative pharmacy solutions in place that offer employers price transparency and cost savings. With...
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...
