• Home
  • About Us
  • List of Health Insurance Companies

Health Plan News

Timely Health Plan News and Commmentary.

Health Plan News
Home Healthcare Plan News Study Finds Consumers Want Their Physician to Lead

Study Finds Consumers Want Their Physician to Lead

Posted on April 20, 2022 Written by Annalyn Frame

RazorMetrics’ recent survey of consumers about drug costs revealed some unexpected results. Healthcare consumers still want their doctor to lead, despite the rise in savings apps driven by consumers. According to the survey, 80% of respondents said they would prefer that their doctor choose a lower-cost drug for them and make it happen automatically.

Sticker shock at the pharmacist is a losing situation for everyone. Patients are being forced to cut back on dosages, split pills or discontinue treatment due to high prescription costs. RazorMetrics asked its drug cost survey, “If a prescription costs too much what should you do?” 9.3% of respondents to the survey said that they would “Forget about it” and “Go home”. Other responses were “Pay for it anyway”, (22.3%), Ask the pharmacist about a discounted rate (35.3%), and “Call your doctor” (21.7%). None of these options are good for patients, pharmacists, or physicians.

Physicians try to reduce costs. 72% of respondents to a survey said that their doctor talks to them about drug pricing. However, doctors cannot prescribe the most affordable medication without assistance. A study published in Jama Network, ” Accuracy Of Physician Estimates on Out-of Pocket Costs for Medication Filling”, found that only 21% of physicians could accurately estimate the out-of pocket costs for their patients when they were provided with drug prices and patient insurance information. According to the study authors, one-third of Americans have difficulty paying their medical bills. Many people turn to their doctors for assistance in navigating insurance and health costs. This puts the doctor at risk of failure.

“As a cardiologist in an active practice, I know the frustration that doctors feel when a patient calls the pharmacy. We attempt to find a different medication in the hope that the patient’s insurance will cover it. RazorMetrics co-founder Dr. Siva Mohan, MD, said that the system was built using a trial and error approach. It’s inefficient, and it’s deeply frustrating for all involved.”

Consumers want to save money on prescriptions. However, rather than chasing down cheaper options, they prefer their doctor to help them navigate this process. Eighty-eight% of respondents to the RazorMetrics survey said that they would be happier with their provider if they discussed drug prices. A majority of respondents said they would be more satisfied if their provider changed their prescription to a cheaper option. Patients want affordable prescriptions from their doctor.

Filed Under: Healthcare Plan News

Recent News

  • Health In Tech Partners with 6 Degree Health and 90 Degree Benefits January 19, 2023
  • Shockwave Therapy to Erectile Dysfunction In Celina, TX: Comprehensive Guide December 22, 2022
  • Blue Cross and Blue Shield of Minnesota Promotes Bukata Hayes to Chief Equity Officer December 22, 2022
  • Liberty HealthShare Offers Holiday Special Discount for New Members December 22, 2022
  • Blue Cross Blue Shield Of Massachusetts Signs Value-Based Payment Contracts December 15, 2022
  • EmpiRx Health Appoints Ziad Rubaie as Chief Growth Officer December 15, 2022
  • Superior HealthPlan, MedArrive & Brave Health Partnership December 15, 2022
  • Gravie Names Dr. Greg Burrell as Company’s First Chief Medical Officer December 15, 2022
  • Solis Health Plans Appoints Industry Veteran Francisco Hernandez, M.D. as Chief Medical Officer December 15, 2022
  • HealthPartners Improves Member Shopping Experiences on the ACA Marketplace December 15, 2022

About Annalyn Frame

Annalyn Frame is a Registered Nurse, currently traveling the country as a traveling nurse. She is the Editor of Health Plan News.

Search Our Site

Ketamine Therapy Dallas
Ketamine Treatment Clinic Dallas
AutoTransportAAT.com

Categories

  • AARP
  • Blue Cross Blue Shield
  • Canadian Health Care System
  • CIGNA HealthCare
  • COVID-19
  • Facilities And Providers
  • FDA
  • Health Clinics
  • Healthcare Companies
  • Healthcare Plan News
  • MedBasics
  • Medical And Healthcare
  • Medicare
  • Senior News
  • The SCOOTER Store

Pages

  • 1199 National Benefit Fund
  • A Little about Drug Preparation and Formulation Development
  • About Us
  • Affordable Health Insurance
  • Benefits of Hiring a Senior Caregiving Service
  • Catastrophic Health Insurance
  • Cheap Health Insurance
  • Cheap Health Insurance Plans
  • Child Health Insurance Plans
  • Choosing a Health Insurance Plan
  • Christian Health Insurance
  • Dental Assistants and Their Future
  • Dr. Howard Bellin: Questions about Rhinoplasty
  • Finding the Right Dentist
  • Get Your Winks in Blink
  • Health Insurance
  • Health Insurance Plans For Family
  • Health Sharing Plans
  • Healthcare and Hospitals: Disinfection is Key
  • High Deductible Health Plans
  • Home Care Employment in Arizona
  • Hormone Replacement Therapy
  • How A Medical Weight Loss Plan Can Help You Get The Figure You Want
  • How Ketamine Therapy Helps Fight Depression
  • How Orthotic Insoles Improve Your Health
  • Individual Health Insurance Plans
  • Ketamine Uses and Benefits
  • List of Health Insurance Companies
  • Low Income Health Insurance
  • Medical Research Consultants
  • Personal Lubricants for Women – Liven Up Your Life!
  • Private Health Insurance Plans
  • Rhesus Negative
  • Self Employed Health Insurance
  • Short Term Health Insurance Plans
  • Student Health Insurance Plans
  • Temporary Health Insurance
  • The Basic Building Blocks For a Sustained, Healthy Diet
  • The Importance of Clinical Study Software
  • The Use of Post Cycle Therapy Supplements
  • Travel Health Insurance

Copyright © 2023 · Focus Pro Theme on Genesis Framework · WordPress · Log in