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 5, 2019 | Cost Savings, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Prescription
In an era where employer pharmacy plans routinely face annual double-digit cost increases, MedBen clients are seeing things differently. Employers who utilized MedBen pharmacy solutions in their 2018 plans realized an average 2.7% decrease in per-member spending from...
Apr 21, 2019 | Alternative Plan Design, Cost Savings, Direct-to-Employer Contracting, MedBen University, Municipalities, Prescription
“In 2018, per-employee net claim costs for our municipality block decreased 4.9% from 2017,” announced MedBen Vice President of Sales & Marketing Brian Fargus at the 13th Annual Municipality Roundtable on April 11. This reduced cost factors both...
Apr 5, 2019 | Cost Savings, Prescription
The ongoing movement to reduce prescription drug spending focuses primarily on the cost factor. But as Shannon Brownlee and Judith Garber contend in a Stat opinion piece, overprescribing of drugs also carries financial and health risks. “Between 2000 and 2012,...
Mar 23, 2019 | MedBen Rx, News, Pharmacy Benefits Manager (PBM), Prescription, Rebates, 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 8, 2019 | Cost Savings, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Prescription
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...