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Express Scripts Fine Settles PBM Mess -- For Now
Express Scripts Fine Settles PBM Mess -- For NowPBMsPublished on discoverwhatyouthink.blogspot.comThe Amazement and the Price of Innovation: PBMsRecently, you may have heard or read in mass media sources about the issue of what are known as pharmacy benefit managers that have clients who are prescribed medications created by what...
Tags: medication, PBM
Discussion threads 2008-07-07
Employers pushing their PBMs for revenue info, rebate funds.(pharmacy benefit manager, University of Minnesota )
Byline: KAREN PALLARITO When the University of Minnesota began searching for a pharmacy benefit manager to oversee nearly $35 million in annual prescription drug spending that it had carved out from its health plan administrators, the self-insured Byline: KAREN PALLARITO ...
Tags: health care, PBM, University of Minnesota
Research articles 2005-09-19
Drug pricing system nixed by pact; Class settlement may lead to reduced prescription costs.(First DataBank Inc., McKesson Corp.)
Byline: JOANNE WOJCIK A proposed settlement of a class action lawsuit against the nation's No. 1 provider of average wholesale prices for pharmaceuticals likely will result in pharmacy benefit managers attempting to renegotiate their contracts to Byline: JOANNE WOJCIK ...
Tags: McKesson Corp., PBM, pricing strategy, proposed settlement, settlement
Research articles 2006-10-16
PCMA: Medicare Trustees' Report 'Sobering Reminder' to Policymakers to Embrace Choice, Competition in Medicare
Numerous independent government data and analyses have documented the value that competing PBMs can bring to the Medicare program. The Congressional Budget Office CBO has long asserted that PBMs have the potential to save as much as 30 percent in totalNumerous independent government data and analyses have documented the...
Tags: Congressional Budget Office, Medicare, PBM
Research articles 2004-03-23
Retailers offering low-cost generics shake drug market
While health care analysts agree that consumers will benefit from Wal-Mart's recent decision to sell certain generic drugs for $4 a month, there's plenty of debate on the impact cheaper generics will have on competition at the retail and PBM levels and on While health care analysts agree that consumers...
Tags: generic, PBM, Wal-Mart Stores Inc.
Research articles 2006-12-01
Employers get creative on Rx costs; Transparency, generic drug efforts help benefit managers take control.(News)
Byline: GLORIA GONZALEZ NEW YORK-Some benefit managers are exploring innovative ways to manage their pharmacy benefits, demanding enhanced performance from their pharmacy benefit managers and changing their employees' approach to managing their ow Byline: GLORIA GONZALEZ NEW YORK-Some benefit managers...
Tags: benefit, company, KeyCorp, PBM
Research articles 2007-02-12
Drug benefit plans allowing HSA users access to discounts on prescriptions.(health saving accounts)
Byline: GLORIA GONZALEZ Insurers and prescription benefit managers are developing pharmacy benefit plans designed to help members of consumer-driven health care plans better manage their prescription drug costs. CDHP members are being allowed to Byline: GLORIA GONZALEZ Insurers...
Tags: health care, insurance company, Medco Health Solutions Inc., PBM, pharmacy, prescription, prescription drug, tool
Research articles 2006-08-14
Will FDA guidelines threaten PBM rebates?
The FDA has issued draft guidelines holding pharmaceutical companies responsible for promotional activities of pharmacy benefit management companies PBMs that they own, or with whom they contract. The guidelines would apply when the contract is based on the PBM, HMO, or promotion of the company's product in a preferential manner,...
Tags: FDA, PBM
Research articles 1998-05-01
PCMA President Mark Merritt Testifies Before Senate Finance Committee on Medicare Prescription Drug Benefit Rules
WASHINGTON, Sept. 14 /U.S. Newswire/ -- Testifying today before the Senate Finance Committee on proposed rules governing the new Medicare prescription drug benefit, PCMA President & CEO Mark Merritt said preserving PBMs' proven cost containment and quWASHINGTON, Sept. 14 /U.S. Newswire/ -- Testifying today before the Senate Finance Committee on...
Tags: Medicare, PBM, U.S. Senate
Research articles 2004-09-14
PCMA Intends to Immediately Appeal U.S. District Court Ruling on Maine PBM Fiduciary-Disclosure Law
WASHINGTON, April 13 /U.S. Newswire/ -- In response to today's ruling by the U.S. District Court upholding Maine's PBM fiduciary- disclosure law and in an effort to protect Maine consumers and employers from higher prescription drug costs, the PharmaceutiWASHINGTON, April 13 /U.S. Newswire/ -- In response to today's ruling by...
Tags: PBM, U.S. District Court
Research articles 2005-04-13
PBM deal might cut prices. (proposed merger of Express Scripts Inc. and ValueRx)
ST. LOUIS - Lower prescription drug prices for employers could result from the planned merger of Express Scripts Inc. and ValueRx, company executives and consultants say. ValueRx's customer base, dominated by large employer groups and insurers, also wST. LOUIS - Lower prescription drug prices for employers...
Tags: Express Scripts Inc., merger, PBM
Research articles 1998-03-02
PCMA: U.S. District Court Blocks Maine Prescription Drug Law from Taking Effect
WASHINGTON, March 10 /U.S. Newswire/ -- Yesterday's decision by the U.S. District Court in Bangor, Maine to block a new sweeping Maine prescription drug law -- LD 554 -- from taking effect recognizes the central role PBMs play in delivering affordable preWASHINGTON, March 10 /U.S. Newswire/ -- Yesterday's decision by...
Tags: PBM, U.S. District Court
Research articles 2004-03-10
Biotech drugs beneficial but confound cost containment.(Benefits Management)
Byline: ROBERTO CENICEROS Rapid growth in the price and availability of new specialty drug treatments is posing new challenges for employers' cost management efforts. The drugs, which typically are known as biotechnology-or biotech-drugs, are u Byline: ROBERTO CENICEROS ...
Tags: biotech drug, biotechnology, health care, Medco Health Solutions Inc., patient, PBM
Research articles 2004-05-03
Employer savings seen in Wal-Mart drug move; Retail giant slashes prices on hundreds of generics.(News)
Byline: JOANNE WOJCIK Wal-Mart Stores Inc.'s high-profile decision to cut prices on nearly 300 prescription generic drugs should save money for employers with prescription drug plans and could stimulate greater use of generics, which are seen as v Byline: JOANNE WOJCIK ...
Tags: generic, PBM, prescription, Target Corp., Wal-Mart Stores Inc.
Research articles 2006-09-25
Aetna to develop mail-order drug unit.(News)
Byline: MICHAEL PRINCE HARTFORD, Conn.-Aetna Inc. next year will end its contract with prescription benefit manager Express Scripts Inc. and create its own in-house mail-order drug operation. The transition, which will begin in January 2003, wil Byline: MICHAEL PRINCE ...
Tags: Aetna Inc., mail-order, PBM
Research articles 2002-10-28
Cost-cutting consultants thrive as others founder; Clients call for help managing benefits administration, health plans, pay.(Brief Article)
Nuts-and-bolts human resources consulting is hot. But fancy flow charts and technology consulting are not. While the economic downturn has whacked classic, big-name management consultant firms, niche firms that specialize in the humdrum realm of h Nuts-and-bolts human resources consulting is hot. But...
Tags: health care, Human Resources, PBM, Towers Perrin
Research articles 2002-04-22
For the Record.(insurance industry business)(Brief Article)(Statistical Data Included)
U.K.'s FSA scrutinizing financial reinsurance The U.K. Financial Services Authority is increasing its scrutiny of financial reinsurance after two high-profile insurer failures. At the London-based Assn. of Insurance & Risk Managers' annual lect U.K.'s FSA scrutinizing financial reinsurance The U.K. Financial...
Tags: Enron Corp., ERISA, financial, insurance, Merck & Co. Inc., PBM, revenue
Research articles 2002-02-04
Updates.(insurance-related news)
Tobacco companies hit by $145 billion punitive award MIAMI -- Tobacco companies claim that a $145 billion punitive damages award handed down Friday by jurors in Miami will have no practical impact, because it will be decades before payments, if any Tobacco companies hit...
Tags: Blue Cross Blue Shield, company, insurance, PBM, PCS, tobacco, Tobacco company
Research articles 2000-07-17
U.S. suit not expected to hurt Medco dealings with clients.(News)
Byline: MICHAEL PRINCE PHILADELPHIA-Employers are not expected to move their business away from Medco Health Solutions Inc. in response to the federal lawsuit recently brought against the prescription benefit manager. U.S. Attorney Patrick Meeha Byline: MICHAEL PRINCE PHILADELPHIA-Employers...
Tags: Medco Health Solutions Inc., PBM, prescription
Research articles 2003-10-06
Viagra suit challenges plans' denial of claims. (class action lawsuit filed to require Oxford Health Plans Inc and other unnamed health insurers to cover Pfizer Inc's impotence drug Viagra)
Employee benefit experts are closely watching a lawsuit filed last week seeking to compel health insurers to cover the controversial and expensive impotence drug Viagra. Corporate benefit managers to date are cautiously responding in a variety of waysEmployee benefit experts are closely watching a lawsuit filed...
Tags: benefit, class action, health care, Hershey Foods Corp., PBM, Pfizer Inc., prescription
Research articles 1998-05-25
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