Pharmacy Benefit Management

Catamaran Corp., which acts as a middleman between employers, drug makers and pharmacies by negotiating prices and managing medicine use by workers, won a 10-year contract to manage prescription drug benefits for Cigna Corp.'s clients.

It’s been 70 years since Kaiser opened its first free medical clinic for employees. Since then, employers have spent over $20 trillion on providing health benefits. Yet despite all those years and all that money, no one has ever thought to write a book advising employers how to spend that

Pharmacy benefit plan design continues to shift, becoming more advanced and putting more choice in the hands of the member.

A recent study produced by Vistane for the Pharmaceutical Care Management Association (PCMA) has found that through greater use of preferred and limited pharmacy networks payers, including Medicare, Medicaid, and employers, could save a combined $115 billion of the next decade.

Buck Consultants survey also finds employers increase use of pharmacy benefit managers to save on drug costs

CVS Caremark focus on medication adherence saved PBM clients more than $643 million in 2012

Pharmacy benefit management helps individuals with access to drugs and pharmacies

In recent months, Pharmacy Benefit Managers (PBMs) have emerged as vocal critics of the drug industry's reliance on copay cards, coupons, and other tools to help patients offset the cost of innovative brand-name medicines.

A white paper from Elsevier

The President and some members of Congress have proposed requiring that prescription drug manufacturers pay rebates to the federal government for drugs dispensed to Medicaid/Medicare dual-eligible beneficiaries and other low-income seniors through the Medicare Part D program.