8 out of 10 registered voters support the requirement for health insurance companies and PBMs to share more of the discounts and rebates they receive directly with patients

WASHINGTON,, June 24 — IN Pharmaceutical Research and Manufacturers of America issued the following news release:

New PhRMA and Ipsos A survey of more than 2,500 Americans found that when it comes to health care, most registered voters are concerned about health insurance and spending issues. Many voters are concerned about their ability to afford their own healthcare costs, and a majority agree that navigating their insurance coverage is too complicated. In addition, when voters are provided with information on pharmacy managers (PBMs), concerns increase, especially among the elderly. To reduce healthcare costs in this country, voters support solutions that ensure greater accountability from health insurance companies and PBMs. Eighty-three percent of voters support the requirement for health insurers and pharmacy managers to share more discounts and rebates they receive directly with patients so that they pay less for their medications.

Detailed findings:

Health insurance costs and coverage rank as the most important health problem among registered voters.

* Three out of five voters (58%) are concerned about their ability to afford their own health care costs, including deductions.

* Nearly half (46%) agree that they are afraid that in the event of a major event or emergency, their insurance will not cover their medical needs.

* About one in five registered voters (17%) list health insurance costs and coverage as their two most important issues.

Many voters are concerned about how health insurers and PBMs affect patient access and accessibility.

* Most voters agree (73%) that health insurance companies and intermediaries, such as PBMs, increase costs for patients.

* Similarly, 67% of voters agree that health insurers deliberately complicate coverage benefits in order to increase the end result. More registered democrats than Republican voters feel this way (72% vs. 61%).

* Most registered voters (84%) agree Congress it needs to focus on combating abuses of health insurance practices that make it difficult to get the care that people need.

And when registered voters receive information about PBMs, they are more likely to express concerns about their role and impact on patients’ access to drugs.

* Only 12% of registered voters are familiar with PBM when initially asked.

* Eighty-one percent of registered voters are concerned that only three PBMs control 80% of the market, with no difference between registered Democrat and Republican voters.

* A similar proportion of registered voters (81%) are concerned when they are told that PBMs are administrators, not doctors, but they determine what drugs are covered by your insurance and what people pay for them.

* Of each age group, older people expressed the greatest concern about PBM, with more than four out of five concerned about each of the five claims tested.

Registered voters expressed support for policy solutions that ensure greater accountability from health insurance companies and PBMs, such as improving the transparency and predictability of healthcare costs and requiring drug discounts to be shared directly with patients at the pharmacy counter.

* To reduce healthcare costs, most registered voters (83%) support the requirement for health insurers and PBMs to share more discounts and rebates they receive directly with patients so that they pay less for their medicines at the pharmacy counter. This solution was especially popular among the elderly (85% of those aged 65+ who expressed support).

* Almost all registered voters (89%) support the federal government, which requires health insurance companies to be more transparent about which drugs are covered and what patients will pay out of pocket for prescription drugs, with the support of an overwhelming majority of registered voters. of both parties.

* A similar share (85%) is also supported by the federal government to ensure greater predictability of health care spending. For example, patients want to know how much they will pay for things like prescription drugs each month.

The survey was conducted among 2,514 adult Americans who use Ipsos’ Based on the KnowledgePanel (R) probabilities and is representative of America’s elderly population. The margin of error of the sample is plus or minus 2.2 percentage points at 95% confidence level, for results based on the entire sample of adults.

For full results, please download the fully annotated questionnaire (https://www.ipsos.com/sites/default/files/ct/news/documents/2022-06/PhRMA%20Q2%202022%20Topline%20Final%20Clean_0.pdf ).

For more details on the past Ipsos/ PhRMA Survey Editions, click here (https://www.phrma.org/resource-center/Topics/Access-to-Medicines/Seniors-Patients-Taking-Prescription-Medicines-Reject-Government-Negotiation-When- They-Learn-About-Consequences-According-to-New-Ipsos-Poll) and here (https://www.phrma.org/resource-center/Topics/Medicare/New-Poll-Shows-that-Support-for -Medicare- Negotiations-Failures-Once-Americans-Learn-About-Politics-Arguments).

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Original text here: https://www.phrma.org/resource-center/Topics/Insurance-Coverage/Eight-in-10-registered-voters-support-requiring-health-insurance

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