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...
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 ...
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 ...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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 ...
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 ...
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 ...
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...
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...
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...
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...
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...
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