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Drugmakers (Kind of) Lower Insulin Costs

Mar 21, 2023 | Brand Name Drugs, Diabetes, Drug costs, Generic Drugs, Insulin, Kurt Harden, MedBen Rx, MedBen University, Pharmacy Benefits Manager (PBM), Prescription

Earlier this month, drug manufacturer Eli Lilly announced that it cutting the cost of two of its prescription brand insulins, Humalog and Humulin, by 70%, and capping out-of-pocket costs for privately insured patients at $35 a month. Competing drugmakers Novo Nordisk...

Many Drugs Seeing Price Increases in 2022

Jan 7, 2022 | Brand Name Drugs, Cost Savings, Generic Drugs, MedBen Rx, Prescription, Rx Costs, Savings, Specialty Care

GoodRx is currently compiling a list of drugs that will cost consumers more in 2022. By January 17, 669 drugs will have experienced price increases, with an average increase of 5.0%. All but 11 on the list are brand-name medications. The list includes such well-known...

Are Generics Always Your Best Rx Value?

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...

MedBen Rx Solutions Help Fight Drug Price Hikes

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...

January 2021 Drug Price Increases

Jan 10, 2021 | Brand Name Drugs, Cost Savings, Generic Drugs, Prescription, Rx Costs, Savings, Specialty Drugs

GoodRx has compiled a list of drugs that saw manufacturer price increases in January 2021. In total, 589 drugs – all but seven of them brand-name medications  – increased in price, by an average of 4.2%. Among the better known brand-name drugs on the list are Humira...

Generics: Lower Cost, High Quality

Feb 20, 2020 | Brand Name Drugs, Cost Savings, Generic Drugs, Prescription, Rx Costs, Savings

Generic drugs provide the same high quality as their brand-name equivalents but at substantially lower costs. On average, the price of a generic drug is 80 to 85 percent less than its branded counterpart while meeting the same rigid FDA standards for safety,...

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