Mulready Minutes

EP. 6: Pharmacy Benefit Managers

Episode 6 – Understanding Pharmacy Benefit Managers, their role in drug spending, and how they work with plan sponsors to negotiate drug price rebates. There are several players in this space: health insurance plans, of course — private companies offering individual or employer-based plans or managing benefits for government programs, such as Medicare. There are pharmacies. And there are the drug manufacturers. Coordinating among these entities, firms called pharmacy benefit managers work for insurers to administer the prescription drug portion of a health insurance plan. As an intermediary, it’s the job of the PBM to make sure covered patients have access to new drug therapies while also keeping an eye on spending for insurance companies or employers.  During this Mulready Minutes Podcast, we’ll hear from Oklahoma Insurance Commissioner Glen Mulready as he visits with Kelli Price, division director at OID overseeing compliance of our Pharmacy Benefit Managers Division at OID.

Kelli Price, Managing Counsel, Oklahoma Insurance Department

EP 5: Long-Term Care Crisis: What caused it and what is being done to fix it!

America's long-term care crisis has been worsening for decades. The product was heavily sold in the '70s and '80s, but insufficient calculations, longer life spans and reduced policy lapses have caused a massive problem. Insurance companies have to increase rates to improve solvency and sustainability which results in premium increases for policyholders. Some of which can't afford the increase.

During this Mulready Minutes Podcast, we'll hear from Virginia Insurance Commissioner Scott White, the man leading the charge to find solutions for this problem at the national level. This is a session you won't want to miss!

Scott A. White, Commissioner of Insurance Bureau of Insurance State Corporation Commission Commonwealth of Virginia

EP 4: How the pandemic affected American Fidelity

Looking at the pandemic and its impact on American Fidelity. What pandemic-related changes will stick around and what the company is looking forward to ahead.  

Chris Kenney, Senior Vice President, General Counsel, American First Fidelity Corporation and CEO for American Fidelity Securities

EP 3: Why a Captive may be a game changer for your business

Commissioner Glen Mulready discusses the key considerations for establishing a Captive Insurance Company and what benefits that may pose. Plus, guests Heather McClure from AON and Donald Ashwood from OID will break down requirements, rules, and best practices.

Heather McClure, JD, LL.M., Chief Risk Advisor, AON U.S. Healthcare Practice

Donald Ashwood, PIR, ACS, ALMI, Captive Coordinator at the Oklahoma Insurance Department

EP 2: Developing a Captive Insurance Company to curb sky-rocketing premiums

During this episode, Commissioner Mulready will sit down with Heather McClure and Donald Ashwood to discuss the benefits of Captives and why they were the best risk mitigation tool for OU Medicine.

EP 1: Global pandemic and its effect on insurance

Episode 1 – Andy Beal: Looking at the global pandemic and the effect it had on the insurance market. Updates from NAIC and their position on topics like business interruption insurance and telehealth.