AffirmedRx, a Public Benefit Corporation

🌟House Oversight Committee Report Highlights the Need for PBM Transparency🌟 The latest report from the House Committee on Oversight and Accountability reveals the urgent need for transparency in PBMs. Read more about the impact and our commitment to change at 🔗 https://lnkd.in/ecsXkCzC

Take a look at the PBM Report from the House Oversight Committee. AffirmedRx is proud to be a Public Benefit Corporation focused on making drugs more affordable for Americans 💊 AffirmedRx CEO, Greg Baker is quoted: “It is possible to operate a PBM, restrain costs for the employer and taxpayers while still providing the best pharmacy care available. But changes must be made to require greater transparency and allow for greater competition for this to happen.” Key Findings: - The three largest PBMs have used their position as middlemen and integration with health insurers, pharmacies, providers, and recently manufacturers, to enact anticompetitive policies and protect their bottom line. - PBMs frequently tout the savings they provide for payers and patients through negotiation, drug utilization programs, and spread pricing, even though evidence indicates that these schemes often increase costs for patients and payers. - The largest PBMs force drug manufacturers to pay rebates in exchange for the manufacturers’ drugs to be placed in a favorable tier on a PBM’s formulary, making it difficult for competing, lower-priced prescriptions (often generics or biosimilars) to get on formularies. - As many states and the federal government weigh and implement PBM reforms, the three largest PBMs have begun creating foreign corporate entities and moving certain operations abroad to avoid transparency and proposed reforms. - The largest PBMs’ use of tools such as prior authorizations, fail first policies, and formulary manipulations have significant detrimental impacts on Americans’ health outcomes. - The anti-competitive policies of the largest PBMs have cost taxpayers and reduced patient choice. Read the full report here: https://lnkd.in/epiF-8M5

🔍 𝐔𝐧𝐯𝐞𝐢𝐥𝐢𝐧𝐠 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐢𝐧 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐰𝐢𝐭𝐡 𝐀𝐟𝐟𝐢𝐫𝐦𝐞𝐝𝐑𝐱 💊 A recent study in the American Journal of Managed Care revealed that nearly two-thirds of employers with self-funded pharmacy benefits rely on rebate agreements for specialty drugs. While these arrangements might seem beneficial, they often lead to higher overall pharmacy costs and obscure the actual net prices of medications.   💡 𝐄𝐧𝐭𝐞𝐫 𝐀𝐟𝐟𝐢𝐫𝐦𝐞𝐝𝐑𝐱 – We're here to transform the pharmacy benefits landscape with our transparent, ethical and cost-effective approach. Here's how we stand out: • 𝐂𝐥𝐞𝐚𝐫 𝐏𝐫𝐢𝐜𝐢𝐧𝐠: We eliminate hidden costs by providing upfront pricing, allowing you to see the true net cost of drugs. • 𝐑𝐞𝐛𝐚𝐭𝐞 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲: Instead of driving up costs with rebate guarantees, we focus on securing the lowest net prices and keeping you in the loop with all rebates. • 𝐈𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐭 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠: We work with consultants and brokers we trust, that are working in your best interest. • 𝐏𝐫𝐨𝐚𝐜𝐭𝐢𝐯𝐞 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞: Our clinical programs and tools help manage total care costs effectively and make your life and the lives of your members easier. • 𝐃𝐚𝐭𝐚 𝐀𝐜𝐜𝐞𝐬𝐬 & 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: We offer unrivaled access to data, empowering informed decisions and highlighting cost-saving opportunities. • 𝐁𝐚𝐥𝐚𝐧𝐜𝐢𝐧𝐠 𝐂𝐨𝐬𝐭 𝐚𝐧𝐝 𝐂𝐚𝐫𝐞: We ensure formularies include cost-effective and clinically appropriate medications - enhancing your members’ care quality. At AffirmedRx, we prioritize transparency and true cost savings, breaking away from the traditional PBM model. Discover how we can help you manage pharmacy benefits more effectively and achieve better financial outcomes. #PharmacyBenefits #PBM #HealthcareTransparency #CostSavings #AffirmedRx 🔗 https://lnkd.in/eqTH-b25

Chairman Comer and the House Oversight Committee will be exploring PBM accountability and transparency at a committee hearing at 10:00 am tomorrow. Tune in to learn more about how the Big 3 game the system and how a transparent PBM like AffirmedRx will help you and your employees. https://lnkd.in/eZWRT4_D

Happy National Intern Day! 🎉 At AffirmedRx, we celebrate the valuable contributions of our summer interns who bring fresh perspectives, enthusiasm, and dedication to our team. Your hard work and commitment to learning enrich our organization and inspire us all. Thank you for being an essential part of our journey towards excellence! #NationalInternDay #AffirmedRx #FutureLeaders 🌟💼

Followers and Friends - Please continue to VOTE for AffirmedRx for the Stevie Awards Employer of the Year nomination and share this link for others in your network to vote too! We have ONE WEEK left! (Votes can be entered once every 24 hours) https://lnkd.in/e9ECM2KY Building Trust Through Transparency: Imagine a health care experience where every detail is clear, and every decision is made with confidence. AffirmedRx shines a light on your pharmacy benefits, ensuring you’re never in the dark. #AffirmedRx #PBC #PBM #transparency #voteforus

The Federal Trade Commission just released a report highlighting many of the problems of the Big 3 PBMs. The TLDR version – Big PBMs use opaque practices focused on their bottom line, not helping your company save money. Transparent PBMs, like AffirmedRx, work to show you how to save money and help your employees. #AffirmedRx #PatientsOverProfits #FederalTradeCommission https://lnkd.in/dB67WRqk

🚨 𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆 𝐍𝐄𝐖𝐒: 𝐀𝐂𝐂𝐎𝐔𝐍𝐓𝐀𝐁𝐈𝐋𝐈𝐓𝐘 𝐈𝐍 𝐏𝐁𝐌 𝐈𝐍𝐃𝐔𝐒𝐓𝐑𝐘🚨 The recent hearing announced by Chairman Comer sheds light on the significant role that Pharmacy Benefit Managers (PBMs) play in the escalating costs of healthcare. As highlighted, the lack of transparency and the complex business practices of traditional PBMs contribute to higher drug prices and limited access to affordable medications for patients. 𝐓𝐮𝐧𝐞 𝐢𝐧 𝐭𝐨 𝐰𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐜𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐡𝐨𝐰 𝐭𝐡𝐞𝐬𝐞 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬 𝐚𝐫𝐞 𝐢𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐜𝐨𝐬𝐭𝐬! At AffirmedRx, we were founded on the principle of breaking away from these traditional, opaque practices. We believe in full transparency in our pricing and business model, ensuring that our clients and members always know exactly what they are paying for. Our commitment is to provide clear, honest, and straightforward pharmacy benefits management, focused on public good rather than profit margins. We are dedicated to combating the corruption and lack of transparency seen in the industry. Our approach is different – we prioritize our clients’ needs, ensuring they receive the most cost-effective and efficient solutions without hidden fees or misleading practices. Join us in our mission to transform the PBM industry and make healthcare more affordable for everyone. 𝐑𝐞𝐚𝐜𝐡 𝐨𝐮𝐭 𝐭𝐨 𝐀𝐟𝐟𝐢𝐫𝐦𝐞𝐝𝐑𝐱 𝐭𝐨𝐝𝐚𝐲 𝐭𝐨 𝐟𝐢𝐧𝐝 𝐨𝐮𝐭 𝐡𝐨𝐰 𝐰𝐞 𝐝𝐨 𝐭𝐡𝐢𝐧𝐠𝐬 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭𝐥𝐲 𝐚𝐧𝐝 𝐡𝐨𝐰 𝐰𝐞 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐚𝐜𝐡𝐢𝐞𝐯𝐞 𝐛𝐞𝐭𝐭𝐞𝐫, 𝐦𝐨𝐫𝐞 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞. #HealthcareTransparency #PBM #PharmacyBenefits #AffirmedRx #Accountability https://lnkd.in/eK-EKN7a

✅ Its time to CYA (cover your assets). In the post-CAA landscape, this means more than just ticking boxes. With the spotlight on compliance following the Johnson & Johnson lawsuit, every benefits buyer needs a partner who does more than just promise transparency; they need one who embodies it. AffirmedRx is that partner. Our transparent model isn't just about clarity; it's your CYA strategy against CAA repercussions. Be proactive, not reactive. #CYAStrategy #TransparentPBM #AffirmedRx

Simplicity Day – July 12, 2024 Happy Simplicity Day from AffirmedRx! 🌿 Today, we embrace the beauty of simplicity in health care. From clear communication to streamlined processes, we're committed to making health care more accessible and understandable for our patients. Let's simplify, declutter, and focus on what truly matters—improving health and well-being for all. #SimplicityDay #AffirmedRx #HealthcareSimplified 🩺💙