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...
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...
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...
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...
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...
Mar 12, 2019 | MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Rebates, Rx Costs, Transparency
MedBen Rx offers employers a better way to provide and manage prescription benefits, regardless of their size or industry type. Our pharmacy solutions counter inflated prescription list prices with common-sense reimbursement methods. Self-funded employers can take...
