National CooperativeRx Achieves -2.6% Trend in 2019

Josh Bindl  •   March 2, 2020

Rising prescription drug prices have been at the forefront of national news for years. Consumers are more aware of high prices because of the increasing use of coinsurance and high deductible health plans. While employers are more aware largely due to the significant drug price tags seen in the market, it is likely this conversation

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What to Watch for in 2020 and Beyond

Josh Bindl  •   January 8, 2020

The attention on pharmacy benefits has been significant for several years. Cutting-edge medications are providing treatments and cures for rare conditions people have suffered from for generations. The consequence is enormous price tags and pressure on payors. This pressure has resulted in a call for action in Washington D.C., but with significant lobbying dollars and

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Refreshed and Recharged for 2020

Kyle Kapusta  •   November 12, 2019

We’re moving into 2020 with a fresh look on the National CooperativeRx web site. Time is precious in our fast-paced world and we want to help our members find the information they need when they want it.

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Market Check Process Yields Additional 3.3% Savings

Josh Bindl  •   October 31, 2019

At long last, the market check process for improvement of our CVS Caremark Master Contract is complete. Improvements will take effect January 1, 2020. A process that started in March took much longer than usual due to a variety of marketplace dynamics and negotiation complexities. For January 1, 2020, the market check will yield an

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Membership Satisfaction Results: 2019

Emily Torgerson  •   September 4, 2019

As a member-owned and member-governed cooperative, our members’ feedback is critical in determining how we operate. National CooperativeRx conducts an annual membership satisfaction survey which is sent to our members and partners. Every year we want to know their overall satisfaction with the Cooperative and our current pharmacy benefit manager (PBM). We had a substantial

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It Pays to Be a National CooperativeRx Member!

Deb Steele  •   August 28, 2019

We are happy to report National CooperativeRx paid out $4.2 MILLION to our members in rebate true-up, audit recoveries and patronage this year. Cooperatives are often described as “strength in numbers.” With our highest membership to date of 328,000 covered lives, we are the strongest we’ve ever been and are able to provide our members

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Important Plan Design Change Deadlines

Matt Dengel  •   July 17, 2019

The season to make plan design changes is here! The National CooperativeRx account management team is ready to assist you with plan recommendations. If you are considering a change, please reach out to your designated account executive. Please keep the following deadlines in mind for changes to go into effect January 1, 2020: September 2,

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Cooperative Demographics

Josh Bindl  •   June 13, 2019

At our Annual Meeting in May, we highlighted the National CooperativeRx membership demographics. We assigned each group to an industry for the purpose of comparing utilization and costs to the programs and controls our membership have put in place. We assigned our Taft Hartley, and other health trusts, an industry most appropriate to their membership.

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Board of Directors Announcement

Emily Torgerson  •   May 29, 2019

As National CooperativeRx is member-owned and member-governed, it’s important our objectives align with those of our members. To ensure that, our Board of Directors is elected by membership. Applicants go through a vetting process performed by a committee of current board representatives, and member voting occurs online leading up to our Annual Membership Meeting. We’re

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HHS Proposed Rebate Rule

Josh Bindl  •   February 4, 2019

After several mentions over the past few months, on January 31, 2019, the Department of Health and Human Services (HHS) released a proposed rule to lower prescription drug prices and out-of-pocket costs by encouraging manufacturers to pass discounts directly on to patients. Some details were provided in the announcement; however, many questions remain. The HHS

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