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:5/23/2017)... , May 23, 2017  Leaf Healthcare, ... innovative medical devices for pressure ulcer prevention, will ... American Association of Critical Care Nurses, National Teaching ... 22-25. The Leaf Patient Monitoring System ... for the hospital environment.  The system seamlessly tracks ...
(Date:5/18/2017)... , May 17, 2017  Bayer announced today ... portfolio will be presented at the 53 rd ... (ASCO), taking place June 2-6 in Chicago ... at ASCO span prostate, colorectal, liver and thyroid cancers, ... from the Phase II CHRONOS-1 trial of copanlisib in ...
(Date:5/11/2017)... May 11, 2017  Thornhill Research Inc. ( ... awarded an $8,049,024 USD five-year, firm-fixed-priced, indefinite-quantity/indefinite-delivery contract ... Canadian Commercial Corporation (CCC) ( Ottawa, Ontario, ... to administer general anesthesia to patients requiring emergency ... "The US Marine Corps have been a longtime ...
Breaking Medicine Technology:
(Date:5/26/2017)... ... May 26, 2017 , ... The ... seminar to focus on current legislative activity and the latest regulatory concerns impacting ... p.m. Sunday, Sept. 10, and will continue through Monday, Sept. 11, at the ...
(Date:5/26/2017)... ... May 26, 2017 , ... Somnoware, ... NOX-T3 portable sleep monitor with its Somnoware Sleep Device Interface (SDI). Somnoware SDI ... diagnostic device operations. With this platform, initializing devices and importing studies are just ...
(Date:5/26/2017)... SARASOTA, Fla. (PRWEB) , ... May 26, 2017 ... ... providers of premium delicatessen foods, is sharing bold recipes for Memorial Day entertaining ... to your menus. , “Boar’s Head fresh sliced meats and cheeses featured ...
(Date:5/26/2017)... ... ... On May 24, the Congressional Budget Office (CBO) projected that the amended American ... result in 23 million Americans losing their health insurance by 2026 as compared with ... Care Act (ACA). , “It is clear from the CBO analysis that the ...
(Date:5/26/2017)... ... May 26, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at ... that is focusing on the Peace Agreements being discussed by President Donald Trump and ... a race to try to speed up peace talks in the continuous battle between ...
Breaking Medicine News(10 mins):