8 in 10 Registered Voters Support Requiring Health Insurance Corporations and PBMs to Share More of the Rebates and Discounts They Receive Directly With Patients

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

A recent PhRMA and Ipsos poll of over 2,500 Americans finds that with regards to health care, most registered voters are concerned about issues related to medical health insurance coverage and costs. Many citizens voice concerns over their ability to afford their out-of-pocket heath care costs and the bulk agree that navigating their insurance coverage is just too complicated. Moreover, when voters are presented with details about pharmacy profit managers (PBMs) concern grows, especially amongst seniors. To lower the fee of health care on this country, voters support solutions that ensure greater accountability from medical health insurance corporations and PBMs. Eighty-three percent of voters support requiring health insurers and pharmacy profit managers to share more of the rebates and discounts they receive directly with patients, in order that they pay less for his or her medicines.

Detailed findings:

Medical insurance costs and coverage rank as crucial health care issue amongst registered voters.

* Three in five voters (58%) are concerned about their ability to afford their out-of-pocket health care costs, including deductibles, etc.

* Nearly half (46%) agree they’re afraid that within the event of a significant event or emergency, their insurance wouldn’t cover their medical needs.

* About one in five registered voters (17%) rank medical health insurance costs and coverage as their top two most significant concerns.

Many citizens are concerned with how health insurers and PBMs affect patient access and affordability.

* Most voters agree (73%) that medical health insurance corporations and middlemen, like PBMs, increase the prices for patients.

* Similarly, 67% of voters agree that health insurers intentionally make coverage advantages complicated in order that they will increase their bottom line. More registered Democrats than Republican voters feel this manner (72% vs. 61%).

* Most registered voters (84%) agree that Congress should deal with cracking down on abusive medical health insurance practices that make it harder to get the care people need.

And when registered voters are presented with details about PBMs, they usually tend to voice concerns about their role and impact on patients’ access to medicines.

* Just 12% of registered voters are accustomed to PBMs, when asked initially.

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

* An identical share of registered voters (81%) is worried when told that PBMs are administrators, not doctors, but they determine what medicines are covered by your insurance and what people pay for them.

* Out of all ages group, seniors expressed probably the most concern about PBMs, with over 4 in five concerned about each of the five statements tested.

Registered voters expressed support for policy solutions that ensure greater accountability from medical health insurance corporations and PBMs–such as improving transparency and predictability in health care costs and requiring discounts on medicines to be shared directly with patients on the pharmacy counter.

* To lower health care costs, most registered voters (83%) support requiring health insurers and PBMs to share more of the rebates and discounts they receive directly with patients, in order that they pay less for his or her medicines on the pharmacy counter. This solution was particularly popular amongst seniors (85% amongst those 65+ expressing support).

* Nearly all registered voters (89%) support the federal government requiring medical health insurance corporations to be more transparent about which medicines are covered and what patients pays out of pocket for prescription medicines, with supermajority support amongst registered voters of each parties.

* An identical share (85%) also supports the federal government ensuring more predictability in health care costs. For instance, patients need to understand how much they are going to pay for things like prescription medicines every month.

The poll was conducted amongst 2,514 American adults using Ipsos’ probability based KnowledgePanel(R), and it’s representative of the American adult population. The margin of sampling error is plus or minus 2.2 percentage points on the 95% confidence level, for results based on all the sample of adults.

For complete 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 past Ipsos/PhRMA poll releases 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-Latest-Ipsos-Poll) and here (https://www.phrma.org/resource-center/Topics/Medicare/Latest-Poll-Shows-that-Support-for-Medicare-Negotiation-Plummets-Once-Americans-Learn-About-the-Policy-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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