-
February 27th, 2024 Introducing a Public PBM with a Canadian Rx Program
Introducing the first of ever solution to controlling the spiraling high cost of drug prescriptions for public organizations with at least 3,000 members and offer a self-insured health plan. By combining the services of ArrayRx, the only Public PBM in ...
Read More -
February 26th, 2024 Public Organizations part of the total Prescription Public Cost
If you are a Public Organization with a self-funded plan, it is expected you will be part of the 46% total expenditures of prescription public cost in 2024! The chart below shows changes in absolute spending, by payer. Here's what CMS ...
Read More -
February 19th, 2024 Recent News on the rise of Drug Prices
CNBC reported that Tyson Foods dropped CVS as their pharmacy benefit manager as upheaval over cost concerns spread. This is in order to set some cost containment for their 140,000 employees. At Apollo Vanguard, we are carving into the specialty ...
Read More -
February 16th, 2024 Drug costs are 3X in the U.S. what other countries pay, study finds
Dear Reader, Medicare is looking into legislation for price negotiation for certain brand name prescriptions. The article goes on to say that even after a possible price reduction due to discounts and rebates, US costs will remain significantly higher. Drug ...
Read More -
February 14th, 2024 Big Pharma raised prices on 1,450 drugs
Last year Big Pharma raised prices on 1,450 drugs as seen from linked article: https://www.fiercepharma.com/pharma/ira-inflation-price-caps-loom-pharma-kicks-2024-hundreds-price-hikes-report. It is expected that it will be similar this year, with a range of 5% to 10% increases. Most prices are felt ...
Read More
Healthcare cost is close to 18% of Gross Domestic Product (GDP) and a very good portion of that cost are prescription drugs. Normal inflation for the past 10 years has been 1.9% while Prescription Drugs alone have skyrocketed to over 15%.
Site by