Navigation Links
Survey: 85% of Part D Seniors in Preferred Pharmacy Plans are Satisfied With Costs, Pharmacy Choices
Date:5/20/2013

Washington, DC (PRWEB) May 20, 2013

Medicare Part D seniors in plans with preferred pharmacy networks are overwhelmingly satisfied, citing lower costs, convenient access to pharmacies and other benefits, according to a new survey from Hart Research Associates released today by the Pharmaceutical Care Management Association (PCMA). More than 40% of Part D seniors (9.5 million) are currently enrolled in plans with preferred networks.

“Seniors like the lower costs, pharmacy choices, and overall value of plans with preferred pharmacy networks,” said PCMA President and CEO Mark Merritt. “Furthermore, 80% of those in preferred pharmacy plans—which translates to over 7 million seniors— would be very upset if their plan was no longer available in the future.”

“Our survey results clearly show that seniors see Medicare Part D preferred networks as a ‘win-win,’ because they offer good value without sacrificing access to convenient pharmacies,” said Geoffrey Garin, President of Hart Research Associates.

While preferred physician and hospital networks have long been used to reduce costs, there is a growing understanding of the cost-savings potential by using pharmacy networks.

Key findings from the survey of seniors about their Medicare Part D preferred network plan include:

  •     Four in five seniors (80%) would be disappointed if their preferred network plan is eliminated.
  •     Seniors are overwhelmingly satisfied (85%) with their preferred network plan.
  •     The cost of premiums (50%) and copays (48%) are the most important considerations for seniors in selecting their preferred pharmacy plan.
  •     Increased costs is the most common reason seniors would be disappointed if their preferred network plan is eliminated.
  •     Seniors are very satisfied with the convenience of pharmacies (81%), the number of pharmacies in their network (74%), and the prescription medications available through their plan (75%).
  •     Cost is the top factor for seniors regardless of income, age, number of medications, and distance from their drugstore.
  •     Only 8% listed the number of pharmacies in the network as an important consideration.

Click here to read the survey.

Hart Research Associates is one of the leading survey research firms in the United States and has been at the cutting edge of change in the field of public opinion for more than three decades. The Hart Research political division has worked with more than 40 United States senators and 30 governors and on more than 400 political campaigns.

A recent study found that Medicaid pharmacy could save $33.4 billion over the next decade by leveraging greater use of pharmacy networks. In most state Medicaid programs every drugstore in the state is entitled to participate.

Currently there are more drugstores in the U.S. than McDonald’s, Burger Kings, Pizza Huts, Wendy’s, Taco Bells, Kentucky Fried Chickens, Domino’s Pizzas, and Dunkin’ Donuts combined, creating a highly competitive environment.

Read the full story at http://www.prweb.com/releases/2013/5/prweb10749975.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. New health insurance survey: 84 million people were uninsured for a time or underinsured in 2012
2. International survey: 69 percent of US primary care doctors now have electronic medical records
3. New survey: Women want to SEE breast reconstruction results before cancer surgery
4. Sleep Apnea in Seniors Tied to Alzheimers in Study
5. Young Couple Make History in Senior Care with SeniorSource.com
6. Seniors Lose 31 Percent of Their Buying Power Since 2000; 2013 Annual Survey of Senior Costs Finds Expenses Have Increased More Than Twice as Fast as Social Security COLA
7. Cardio and weight training reduces access to health care in seniors
8. Many Seniors Suffer Mental Decline in Silence: CDC
9. DiscountMedicalSupplies.com Reveals the Top Medical Supplies Purchased for Seniors in 2013
10. For Some Seniors With Skin Cancer, Surgery Not Always Best Choice
11. With Elder Abuse on the Rise, Potomac Seniors Village, a Senior Care Maryland Facility, Takes Steps to Reduce the Phenomena
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... (PRWEB) , ... June 26, 2016 , ... ... fertility once they have been diagnosed with endometriosis. These women need a treatment ... also require a comprehensive approach that can help for preservation of fertility and ...
(Date:6/25/2016)... TX (PRWEB) , ... June 25, 2016 , ... Austin ... of the American College of Mohs Surgery and to Dr. Russell Peckham for medical ... and highly effective treatment for skin cancer. The selective fellowship in Mohs Micrographic Surgery ...
(Date:6/25/2016)... Aliso Viejo, California (PRWEB) , ... June 25, 2016 , ... ... preset to fit their specific project," said Christina Austin - CEO of Pixel Film ... all fully customizable and all within Final Cut Pro X . Simply select ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, ... and his M.D from the David Geffen School of Medicine at UCLA. He trained ... Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where ...
(Date:6/25/2016)... ... June 25, 2016 , ... On Friday, June 10, Van Mitchell, Secretary of ... award to iHire in recognition of their exemplary accomplishments in worksite health promotion. , ... Workplace Health & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire was ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... 23, 2016 Revolutionary technology includes ... Oticon , industry leaders in advanced audiology and hearing ... Oticon Opn ™, the world,s first internet connected hearing ... IoT devices.      (Photo: http://photos.prnewswire.com/prnh/20160622/382240 ... number of ,world firsts,: , TwinLink™ - ...
(Date:6/23/2016)... Research and Markets has announced ... Analysis (United States, China, Japan, Brazil, United Kingdom, Germany, ... offering. Surgical Procedure ... planners, provides surgical procedure volume data in a geographic ... in-depth analysis of growth drivers and inhibitors, including world ...
(Date:6/23/2016)... , June 23, 2016  The National ... has joined the health policy research organization as ... Romano , MD, senior vice president and chief ... company,s representative on the NPC Board of Directors. ... pleased that Mallinckrodt has joined us in support ...
Breaking Medicine Technology: