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February 27, 2020
Concerns for affordable healthcare and access escalate, some significantly;
80% believe ACA will be defunded though 74% say it will remain in place in 2020
WATERTOWN MA February 27, 2020—As healthcare reform dominates political discourse, those who know the US healthcare market perhaps best—US physicians—reported significantly higher concerns for healthcare affordability and access in 2020 than they did in 2019. Data was sourced by InCrowd’s proprietary Crowd of physicians. InCrowd is the pioneer of real-time, high-quality primary market intelligence for the life science industry, and this data represents its fifth annual predictions report, reflecting the views of healthcare professionals (HCPs) on critical US healthcare issues.
“Over half of respondents ranked affordable therapies and wider access as the leading priorities they’d like to see addressed in 2020, a statistically significant increase from 2019,” said Daniel S. Fitzgerald, CEO and president of InCrowd. “What’s interesting about this year’s data is that we’re seeing less emphasis on the importance of bringing innovative, new therapies to market faster, often too costly and out of reach for patients, with only one in five prioritizing it, versus expanding affordability, which was nearly a unanimous top priority for respondents.”
The data showed deep cynicism over systemic change:
As noted, only 22% of respondents in 2020 thought bringing innovative new therapies to market faster was important this year, compared with expanding affordability (96%) and improving wider access to available therapies (52%).
With the Affordable Care Act (ACA), 80% of respondents believe it will continue to be defunded, although 74% believe it will remain despite recent rulings—a statistically significant jump from the 60% level reported in 2019. The preexisting conditions coverage provision likely will remain in place, according to 78% of respondents. Many verbalized fears for the millions of Americans who would be left without coverage without the ACA. However, many others reported poor experiences with the ACA and believed the impact of eradication will be minimal.
“People like the ACA now. Repeal of protections for pre-existing conditions is political suicide. Medicare for all is not that popular across the spectrum when people learn it means enormous tax increases and losing current health insurance coverage. Technology can help improve access but unlikely to improve quality of care.” Observed a specialist from California.
Other findings include:
InCrowd’s annual healthcare industry report included n=201 US physicians, both generalists and specialists, who responded to a 6-question MicroSurvey between December 30, 2019 through January 2, 2020.
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