Jun 13, 2019 | Cost Savings, MedBen Rx, MedBen Rx Advocate, Pharmacy Benefits Manager (PBM), Prescription
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 2, 2019 | Cost Savings, Dental, MedBen PreceDent, Preventive Care
Adding MedBen PreceDent to your benefits plan is a small investment that can deliver big dividends. A dental plan that promotes regular preventive care lowers your risk of disease and costly claims down the road. At a dental checkup, your dentist can detect not only...
May 30, 2019 | Cost Savings, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription, Rebates, 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 19, 2019 | Announcements, Claims Management, Cost Savings, MedBen Rx Advocate, News, Prescription, Third party administration
MedBen medical and pharmacy claim costs rose only 0.4% per employee for clients in 2018, shattering national data norms that reported an average of 6% cost increases. Our pharmacy claim costs alone dropped 2.7% last year, due to the introduction our new program MedBen...
May 18, 2019 | Cost Savings, MedBen Rx, Prescription, Transparency
The Trump administration recently announced that drug makers will now have to include prices in their TV advertisingbeginning this summer. Prescription drug cost transparency is a good thing… and MedBen makes transparency a keystone of its pharmacy plans, so clients...
May 6, 2019 | Alternative Plan Design, Case Studies, Cost Savings, Direct-to-Employer Contracting, Self-funding, Third party administration
MedBen facilitates direct-to-employer contracting, bringing together employers and providers in plans that promote regional care. Recently, a client looking for cost reduction opportunities saw the benefits first-hand. A manufacturer with a traditional PPO plan...
