Tag Archives: Pharmacy Benefit Cost Reduction

No, not that word! The other “F” word…Fiduciary!  At WBC (www.wbcbaltimore.com) we have been asking our clients to keep this word in mind.  Trustees of multi-employer plans (and other types of plan sponsors) need to remember that the decisions they make are guided by the judgement of being a fiduciary.   This means that their decisions […]

President Trump on Friday released what he calls “a blueprint to bring soaring drug prices back to earth,” as he attempts to reduce the cost of prescription drugs. Additionally, the president has said “This is a total rip-off!”  Powerful rhetoric and not overly insightful, but will it work? According to the administration, the new Trump […]

One of the most important contractual elements in a Pharmacy Benefit Manager’s (“PBM”) service agreement that is used in pharmacy benefit cost reduction is the definition  and utilization of the MAC (“Maximum Allowable Cost”) list.  The MAC generally refers to a PBM-generated list of products that includes the upper limit or maximum amount that a […]