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Pharmacy

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  • University uses its own pharmacists to counsel employees on Rx benefit changes

    March 1, 2010

    Any change in benefits can be confusing and sometimes troubling for employees.

  • Report calls PBM merger into question

    February 1, 2010

    The viability of the pharmacy benefit manager/retail pharmacy business model has come under fire again as critics accuse CVS Caremark of driving up costs for health plans and lowering quality for patients, reducing transparency and hampering oversight for health plans and compromising the privacy of health plan participants.

  • Wheeling and dealing

    February 1, 2010

    Whether it's a carrier-based or stand-alone pharmacy benefit manager, employers continue to turn to PBMs to save additional dollars on pharmacy benefits.

  • Employers give PBMs generally high marks

    January 25, 2010

    Financial transparency in a pharmacy benefit management vendor relationship appears to have emerged as a pivotal factor for employer satisfaction, new data suggest.

  • Employers leery of drug-pricing settlement

    December 2, 2009

    Changes to the way pharmacy benefit managers price the drugs they cover recently went into effect, with far-reaching consequences for both PBMs and the many employers using their services

  • 90-day supply of meds, e-Rx record initiatives launched

    October 5, 2009

    Pharmacy-retail chains Walgreens and CVS Caremark recently rolled out programs aimed at improving medication adherence and care coordination for their pharmacy customers.

  • Employers still believe prevention is key to cutting Rx costs

    September 28, 2009

    The recession isn’t over yet and continues to force employers and upper management to clamor for reform that promotes personal wellness and promotes generic versions of specialty drugs for market entry.

  • Clearing a path

    September 1, 2009

    Medicare Part D, which covers prescription drugs, has moved quickly from 'a new to a relatively mature marketplace' since it went into effect in 2006, according to Dave Osterndorf, chief health actuary for Towers Perrin. But there are still 'a huge number of options' for both company benefit managers and retirees to sort through.

  • Lean budgets put the spotlight on Rx drug plans

    August 6, 2009

    To control the costs of prescription drug plans, more employers are focusing on cost sharing and low-price generic drugs, according to Buck Consultants’ second annual “Prescription Drug Benefit Survey.”

  • Switch to generic drugs yielded savings

    April 16, 2009

    The expanded use of generic drugs — up five percentage points from 2007 to 2008 — among Blue Cross and Blue Shield Plan members has led to at least $2.5 billion in savings, according to the company.

  • Wal-Mart hopes to expand Rx program

    March 31, 2009

    Wal-Mart plans to expand a pilot program that eliminates copayments on generic drugs purchased at its stores to more employers. The program requires the employer to buy the generic prescription drugs directly from the giant retailer.

  • Risky behavior: Employees scrimp on Rx costs

    March 26, 2009

    Americans have become blindsided by prescription drug costs recently, leading many to partake in unsafe practices to control those costs, a Consumer Reports poll discloses.

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