National Poll Shows Overwhelming Bipartisan Support for Congressional Efforts to Hold Pharmacy Benefit Managers Accountable
With pharmacy benefit managers - or PBMs - facing increased scrutiny among legislators and regulators, a new national poll finds that a majority of likely voters overwhelmingly support policies to regulate these middlemen health insurance companies and require PBMs to provide more value and lower drug costs.
The poll, conducted by the bipartisan polling team of Lake Research Partners and Bellwether Research, found that 84% of likely voters say it's important or very important to have rules that require PBMs to provide value and lower drug costs for consumers. What's more, respondents want elected officials to take on the issue of regulating PBMs with 73% saying it should be a high or top priority for Congress and their state legislatures, and 72% saying they are more or much more likely to vote for a candidate who supports regulating PBMs.
"There is strong and unwavering support for regulation of PBMs among likely voters of all political stripes," said David Mermin, Lake Research Partners. "And they are looking to their elected officials to make the changes necessary for patients to be able to access and afford their medications."
Mark Blum, Managing Director of the PBM Accountability Project, said: "These findings make clear that Americans stand in strong support for eradicating perverse PBM incentives that raise, rather than lower, prescription drug prices. Even more important, the research shows that likely voters, regardless of party afiliation, strongly support specific policy solutions to ensure that patients will pay no more than necessary for the medicines they need."
Respondents support a number of specific policies to regulate PBMs, including:
In addition, the negative impacts that PBMs have on patients generate very high levels of concern, with approximately three-quarters being concerned about every impact listed, including:
The research findings can be found on the PBM Accountability website. The PBM Accountability Project, a partnership of stakeholders across healthcare, labor, business, pharmacy and consumer/patient advocacy, is working to educate the public and advance solutions to help redirect prescription drug savings from PBMs back to patients, employers, health plans and taxpayers.
About The PBM Accountability Project
The PBM Accountability Project brings together leaders and stakeholders across healthcare, labor, business, pharmacy and consumer patient advocacy to help ensure that patients and our private and public sector health plans aren't overpaying for the prescription medicines we need. Our organization is working to educate the public and advance solutions to help redirect prescription drug savings from very high PBM profits back to patients, employee health plans and taxpayers. To learn more about the PBM Accountability Project, visit pbmaccountability.org.
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