Cuban Offers Ideas On Affordability
Entrepreneur Mark Cuban, founder of Cost Plus Drugs, appeared before the Texas Legislature with affordability and reform ideas. They include:
- Patients should be able to access drugs at the lowest possible cost, even if that’s outside of their health plan. Laws should allow such cash pay expenses to count toward deductibles or out-of-pocket maximums.
- Standardized contracts should be adopted for both pharmacy benefits managers and third-party administrators.
- Transparency in pricing is key and must be mandated. That includes transparency into rebates, fees, affiliate compensation, and any other guarantees.
- Elimination of gag clauses that may prevent employers or other plan sponsors from speaking more openly about their contracts. This would also drive transparency and better contract terms.
- And government of laws and regulations enforcement should have teeth.
#healthcare #healthcarereform #cuban
Cambia And Arkansas BCBS Affiliation Approved
The Arkansas Insurance Department approved Arkansas Blue Cross and Blue Shield’s affiliation with Cambia Health Solutions, effective Oct. 1. The partnership will bring Cambia’s membership to nearly 6 million enrollees across six states.
#bcbs #mergers
https://www.modernhealthcare.com/insurance/mh-arkansas-blue-cross-cambia-health-approval
— Marc S. Ryan
