Common PBM Cost Tactics May 2024 Understanding pharmacy program costs: Amidst the myriad of articles exposing the questionable practices of PBMs, the urgency to address these issues intensifies. These practices not only inflate medication costs for patients but also...
Many employers may not realize that monitoring their pharmacy benefit manager’s (PBM) performance to contract terms on a regular basis can potentially save money on their Rx benefit. Even after your contract is finalized, it’s vital that you continue to monitor your...
Many companies have announced plans to share their tax reform windfall with their employees in the form of raises and/or bonuses. After many years of raises in the 1-2% range, this may be the first time in a decade or more since some workers have seen real wage...
A PBM may tout how many dollars you can receive due to their rebate program, but is that a good thing? Many PBMs place drugs on their formulary or preferred drug list because of the rebates they get paid from the manufacturer. In some cases, this could be good and a...