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Explore our library of articles and resources tailored to pharmacy benefits management. Stay informed and empowered with insights on industry trends, cost-saving strategies, and best practices to optimize your pharmacy benefit program.
Novo Nordisk and Sanofi to cut Insulin prices, following moves by Eli Lilly
Novo Nordisk and Sanofi to cut Insulin prices, following moves by Eli Lilly March 2023Novo Nordisk to cut U.S. list prices for several insulin products by up to 75% next year. Sanofi announced that it will cut prices by 78%. Effective January 1st, 2024. Generally...
Senators introduced bills to reform PBMs and create new FTC probe
Senators introduced bills to reform PBMs and create new FTC probe February 2023 U.S. Senator Cantwell (D-Wash) recently re-introduced the Pharmacy Benefit Manager Transparency Act of 2022 which was previously co-sponsored by herself and Senator Grassley (R-Iowa). The...
Why Employers Need to Continuously Monitor Their PBM
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...
Give your company an Rx plan windfall
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...
Do You Know Why Many Drugs Are on Your Formulary? Rebates
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...
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