Jun 14, 2021 | Brand Name Drugs, Comparative Effectiveness, Cost Savings, MedBen Rx, Prescription, Rx Costs, Specialty Drugs
The prices of 260 popular brand-name prescription drugs rose 3% from 2019 to 2020 – twice as much as the 1.3% rate of inflation during the same period, according to a new AARP report. Their analysis also found that over the past 15 years, prices of 65 common brands...
Jun 1, 2021 | Cost Savings, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Savings
MedBen Rx clients save 21.6% when switching from traditional PBMs. What accounts for such a substantial difference? With MedBen Rx you pay what the pharmacy pays – we use the drug’s acquisition cost as a baseline to reduce your costs. MedBen Rx offers total...
May 17, 2021 | Comparative Effectiveness, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription, Savings
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...
May 4, 2021 | Alternative Reimbursement Strategies, Announcements, Client Report, COVID-19, Direct-to-Employer Contracting, Employer Dashboard, Health Plan Management, MedBen Analytics, MedBen Rx, MedBen WellLiving, Plan Design, Reference-Based Pricing, Rx Costs, Savings, Third party administration
In the 2021 MedBen Client Report, we look at how MedBen continues to provide superior service and cost savings regardless of circumstances. You will find examples of how MedBen delivers the best claims management, plan design and reimbursement strategies, expanded...
May 3, 2021 | Alternative Reimbursement Strategies, Direct-to-Employer Contracting, MedBen Rx, MedBen University, MedBen WellLiving, Pharmacy Benefits Manager (PBM), Preventive Care, Reference-Based Pricing, Rx Costs, Wellness
Over 70 clients and brokers attended the MedBen University (MBU) Virtual Roundtable on April 29. The online event, open to both public and private employers, highlighted recent cost and utilization trends by industry and product. MedBen’s net claims cost trend...
Apr 19, 2021 | Alternative Reimbursement Strategies, Brian Fargus, Direct-to-Employer Contracting, Government, MedBen Rx, MedBen University, MedBen WellLiving, Municipalities
“From 2016 to 2020, MedBen’s municipality block averaged a minimal 1% annual trend on total claims costs,” said MedBen VP of Sales & Marketing Brian Fargus at the MedBen University Virtual Municipality Roundtable on April 15. Over 75 clients and...
