TODAY”S DATA POINT: In the July 8-10 poll of 1,988 registered voters the pharma industry was the subject of intense ire. Three in 4 voters say they have little or no confidence in drug companies to reduce costs; over half say they don’t trust pharmaceutical companies at all.
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KEY THOUGHT: While offering all U.S. citizens free health care using a single-payer system sounds attractive as a political talking point, actually implementing Medicare for All would require a complex restructuring of a multi-trillion dollar industry and cost trillions of dollars. Rather than make promises that don’t make sense politicians should strengthen the ACA and fix its shortfalls.
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KEY TAKEAWAY: The results of an exit survey on two top pharma websites had terrible news for the marketing team. Less than 10% of visitors to the site were going to ask their doctor for/about the medication, and the vast majority (84%) said the website failed to answer their questions about the drug or health condition.
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KEY TAKEAWAY: The public sees profits made by pharmaceutical companies as a major factor contributing to the price of prescription drugs. Majorities of the public trust pharmaceutical companies (either “a lot” or “somewhat”) to be good stewards in terms of developing new effective drugs (71 percent), and offering reliable information to consumers about drug safety and side effects (65 percent) as well as drug efficacy (61 percent).
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KEY TAKEAWAY: Trump’s threat to issue an executive order on drug pricing, if issued, will be overturned as “unconstitutional”. There are no quick fixes to rein on excessive healthcare costs. They can only be addressed through a thorough bipartisan review of the way our healthcare system function.
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KEY TAKEAWAY: Anger over healthcare costs is not going to lead to workable solutions yet the media is generating anger via headlines that fail to adequately communicate the complexity and greed that has become the American healthcare system.
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KEY TAKEAWAY: Changes, big changes, are coming to healthcare. Among the targets are insurers who are raking in billions as well as PBM’s and pharma. As more companies merge or swallow up smaller one’s pharma is going to have to cut the fat because the public is not going to allow price gouging anymore.
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