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Pharmacy Benefit Manager Reform: What’s on the Horizon? (December 2023 Update)

McDermott Will & Emery Employee Benefits

Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers. Congress and […] The post Pharmacy Benefit Manager Reform: What’s on the Horizon?

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Pharmacy Benefit Manager Reform: What’s on the Horizon?

McDermott Will & Emery Employee Benefits

Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers. PBMs administer […] The post Pharmacy Benefit Manager Reform: What’s on the Horizon? appeared first on EMPLOYEE BENEFITS BLOG.

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PepsiCo and Pfizer named Top UK Employers 2023

Employee Benefits

Food and drink manufacturer PepsiCo UK and pharmaceutical firm Pfizer UK have made the Top UK Employers list for 2023. Other employers included on the Top UK Employers list included facilities management firm Mitie and tyre manufacturer Apollo Tyres UK. Image credit: 8ED8 / Shutterstock.com.

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Captive Health Insurance and Prescription Drug Costs

AssuredPartners

Captive insurance coverage that includes prescription drugs as part of the program is not new in the employee benefits marketplace. Many prescription drugs have been developed over the years and provide life-changing treatments for participating employees and their dependents.

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GlaxoSmithKline plant employees strike after rejecting 6% pay deal

Employee Benefits

Employees of pharmaceutical business GlaxoSmithKline (GSK) have commenced a series of walkouts across the UK from today (2 May) in an ongoing dispute over pay. More than 160 employees, who are members of trade union Unite, rejected a pay offer which included a 6% increase and a one-off lump sum of £1,300. increase.” .

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VeracityRX – Making Pharmacy Benefits Affordable 

HR Professionals Magazine

At VeracityRx, we help employers and employees save money without shifting costs or reducing pharmacy benefits. Our team has over 45 years of experience in the pharmaceutical industry and works exclusively for the employer. We do not accept payment from any other entity, especially not from PBMs or drug manufacturers.

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State Prescription Drug Legislation

HR Professionals Magazine

The laws also vary in which part of the drug-distribution process they target: drug manufacturers, pharmacies, insurance providers, or PBMs. that have a connection with or a reference to) employee benefit plans, such as ERISA health plans and, by extension, the prescription drug coverage provided thereunder. Tufte, 968 F.3d