Apr 1, 2024 | Benefits preservation, Comparative Effectiveness, Cost Savings, Drug costs, MedBen Rx, Pharmacy, Pharmacy Benefits Manager (PBM), Rx Costs, Savings, Specialty Drugs, Transparency
Employers are turning away from the “big three” pharmacy benefits managers to other PBMs that offer greater transparency and lower costs, says Wharton professor of health care management Lawton Robert Burns. As one of those alternatives, MedBen Rx is...
Mar 29, 2024 | COVID-19, MedBen Analytics, Mental Health, Telehealth
It should comes as no surprise that telehealth visits saw a big upswing in early 2020, as COVID-19 began to spread. As the pandemic subsided, telehealth visits slowly dropped but still retain residual popularity. The graph below shows bimonthly telehealth utilization...
Mar 28, 2024 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Store, Health reimbursement arrangements (HRAs), Member engagement, Mobile App, Online Services, Plan members, Substantiation
A flexible spending account (FSA) member can save up to 30% for every dollar they contribute. Likewise, health reimbursement arrangement (HRA) members can greatly lower out-of-pocket costs by using their employer-funded plan to pay for medical expenses. But...
Mar 19, 2024 | Asthma, Blood pressure, Cholesterol, Chronic conditions, Cost Savings, Diabetes, Health care costs, Heart, Hypertension, MedBen WellLiving, Savings, Wellness, Wellness exam, Wellness screenings
The cost of five major chronic conditions, in physical and financial terms: Cardiovascular disease (CVD) is the leading cause of death in the United States, and cost the U.S. $407.3 billion between 2018 to 2019.Between 2017 and 2020, 10% of adults age 20 or...
Mar 18, 2024 | DNA, Drug costs, Drugmakers, Gene therapy, Health care costs, Rx Costs, Spending
Back in late 2022, MedBen spotlighted the growth of gene therapy, a transformative medical approach that potentially cures genetic disorders by correcting or replacing an individual’s DNA. As we noted, these therapies go beyond treatment to literally...
