Aug 9, 2021 | Brand Name Drugs, Comparative Effectiveness, Cost Savings, Generic Drugs, MedBen Rx, Rx Costs, Savings
Generic doesn’t always mean cheap. As this list recently compiled by GoodRx demonstrates, the monthly cost of some popular generic drugs can actually rival or exceed well-known brand medications. MedBen Rx comparative effectiveness ensures that members are using...
Jul 12, 2021 | Cost Savings, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Savings, Transparency
Lack of disclosure is a common theme for many pharmacy benefit managers (PBMs), be it with employers or state governments. From Benefits Pro: “At least a half-dozen states and the District of Columbia are investigating pharmacy benefit managers, The Wall Street...
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 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...
