• Pharmacy & Prescription Drug Research

  • 2021 Consumer Prescription Drugs Survey: Pricing, Accessibility & Legislative Action

     

    A recent consumer survey of over 1,000 adults showed that a plurality of respondents, regardless of age and location, believe that drug manufacturers set unreasonable prices for the drugs they develop.

    Access to quality pharmacies is not an issue for many Americans: 86% of consumers find it easy to get their prescription drugs at a pharmacy and have access to nearly three pharmacies within a 10-minute drive.

    Nearly 8 in 10 people believe that independent pharmacies should receive the same government oversight as chain pharmacies if they are involved in government-funded and administered programs like Medicaid and Medicare.

    When it comes to the government inserting itself in the pharmacy business, the majority of consumers do not think independent pharmacies need government handouts to increase their profits.

  • RESEARCH HIGHLIGHTS PSAO ROLE IN SUPPORTING INDEPENDENT PHARMACIES

     

    The independent pharmacies of Florida are important parts of local communities, but lately they’ve been more focused on profits than patients. Unknown to many, they use powerful corporations called pharmacy services administrative organizations (PSAOs) to bargain on their behalf for higher profits. Despite having a “mom & pop” reputation, nearly 83% of independent pharmacies have the backing of heavy-weight, unregulated PSAOs to negotiate contracts with other parties in the pharmaceutical supply and payment chain.

     

    More specifically, PSAOs help independent pharmacies:

     

    CONSULT ON PHARMACY NETWORK CONTRACTS

     

     

    NEGOTIATE REIMBURSEMENTS FROM THE PBM TO THE PHARMACY

     

    PERFORM BACK OFFICE OPERATIONS

     

  • Unlike all the other entities in the drug supply chain, PSAOs receive little to no government oversight. It’s time our elected officials implement the same level of reporting requirements to PSAOs as they do for other entities in health care.