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In the News
NW Prescription Drug Consortium announces Moda and Navitus as contractors for their pharmacy benefit
- Oregon Health Authority
The NW Prescription Drug Consortium is pleased to retain Moda as their contracted program administrator and begin using Navitus as their pharmacy benefit manager (PBM) effective January 1, 2022.
This announcement comes after an extensive eight-month procurement and evaluation process. Customer satisfaction and service excellence were paramount considerations throughout this process to obtain the best value for NW Prescription Drug Consortium.
Business Group Achieves First-Year Pharmacy Savings
- Milwaukee Business Journal
Employer costs for pharmacy benefits are continuing to increase partly due to the costs of specialty medications, said Jeff Kluever, executive director of the Business Health Care Group. Pharmacy benefit managers, which are third-party administrators of prescription drug programs for insurers, say they reduce those costs but Navitus takes it further by passing along to employers all rebates and discounts.
The Slow Reveal
- Managed Care Magazine
Rebates have created pay-to-play dynamics. Employers facing high drug costs have “rebate addiction.” And the impressive “rebate guarantees” are hard to resist. But at least the process of how drugs get formulary placement is becoming clearer, and some PBMs have moved to charging administrative fees only.