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...
Feb 23, 2019 | Cost Savings, MedBen Rx, Prescription, Rebates, Specialty Drugs, Transparency
A recent Wall Street Journal editorial warns that government efforts to address prescription drug prices could produce undesirable consequences… and it’s why MedBen Rx believes that market-driven solutions are the preferable method to reducing consumer costs. As...
Jan 27, 2019 | Cost Savings, MedBen Rx, Prescription
A recent high-profile disagreement between Walmart and pharmacy benefits manager (PBM) CVS Caremark exemplifies the friction between pharmacies and PBMs about prescription pricing… and the power that PBMs possess to influence drug costs. MedBen Rx was designed...
Jan 13, 2019 | Cost Savings, Discounts, MedBen Rx, Prescription, Rebates, Research
New year, higher drug prices. According to The Wall Street Journal, a representative analysis of major pharmaceutical companies found that the prices of their brand name and generic drugs have risen by an average of 6.3% in 2019 – modest compared to previous years,...
