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

WASHINGTON, May 20, 2013 /PRNewswire-USNewswire/ -- 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.

PCMA represents the nation's pharmacy benefit managers (PBMs), which improve affordability and quality of care through the use of electronic prescribing (e-prescribing), generic alternatives, mail-service pharmacies, and other innovative tools for 216 million Americans.

Follow PCMA on Twitter


'/>"/>
SOURCE Pharmaceutical Care Management Association
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. U.S. Physician Survey: Stents by Brand, Length, Diameter, Type and Coating 2012
2. Survey: Hospital Executives Nationwide Facing Operating Room Case Volume Increases, Seeking Greater Efficiency through Healthcare Information Technology (HIT)
3. Survey: Medicare Beneficiaries Oppose Mandatory Mail Drug Plans
4. Sunshine Act Survey: More Than 50% of Physicians Unprepared
5. New Survey: Id Rather Take out the Trash than Take My Meds
6. Selfhelp Community Services and FEGS Health & Human Services Launch New Care Management Company: SinglePoint Care Network to Coordinate Care for Seniors & Others With Chronic Medical Conditions in Managed Long Term Care Market
7. Drugstore Lobby Poll of Seniors: Mail-Service Pharmacies Cost Less than Community Drugstores
8. Homecare Association Says CMS Pricing For DME Equipment Will Endanger Seniors, Cost Jobs, And Force Business Closures
9. Survey Suggests Rural Seniors Face Challenges from Medicare Part D Preferred Pharmacy Drug Plans
10. Timely Analysis of Pain Relief Costs and Outcomes Finds Disproportionate Risks for Seniors
11. C8 MediSensors Closes $19 million Preferred Stock Financing
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/8/2016)... , Feb. 8, 2016  Avista Pharma Solutions ... Eric Setzer as Chief Financial Officer (CFO). Mr. Setzer ... years of experience in various roles within growing technology ... he served as the Executive Director of Finance at ... Raleigh, NC . Previously, Mr. Setzer ...
(Date:2/8/2016)... DUBLIN , Feb. 8, 2016 /PRNewswire/ ... announced the addition of the "Label-Free ... Global Forecasts to 2020" report to ... has announced the addition of the ... - Global Forecasts to 2020" report ...
(Date:2/8/2016)... , Feb. 8, 2016  Unilife Corporation ("Unilife" or "Company") ... of injectable drug delivery systems, today announced that it will ... ended December 31, 2015 after market close on February 9, ... conference call to discuss these financial results.    ... --> About Unilife Corporation ...
Breaking Medicine Technology:
(Date:2/8/2016)... ... February 08, 2016 , ... Remember the old saying “rub some ... to Perry A~, author of “Calcium Bentonite Clay” the health benefits of integrating clay ... and detoxifying the body. , A former motivational speaker, Perry A~ has since dedicated ...
(Date:2/8/2016)... ... 2016 , ... Discover the Rocky Mountain region’s longest running and impressive garden ... Attendees also get to see the most incredible gardens and home improvement experts that ... the Colorado Convention Center - 700 14th St. Denver CO, is an exciting event ...
(Date:2/8/2016)... ... February 08, 2016 , ... TopConsumerReviews.com recently awarded their highest five-star rating ... Moles are derived from a cluster of melanin when exposed to sunlight. Although most ... create a lifetime of embarrassment. Historically, mole removal has involved a painful, ...
(Date:2/8/2016)... CA (PRWEB) , ... February 08, 2016 , ... The ... held annually in this country. The AutismOne 2016 Conference, which is being held May ... they often won’t hear elsewhere about helpful interventions and causes of chronic illness in ...
(Date:2/7/2016)... Orion, Clarkston, Metamora, Michigan (PRWEB) , ... February 07, 2016 , ... ... Friday in recognition of National Wear Red Day. National Wear Red Day is ... and stroke in women. Heart disease and stroke cause 1 in 3 deaths among ...
Breaking Medicine News(10 mins):