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Biotechnology Innovation Organization

Simplify the System

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Voters want lower healthcare costs without risking the life-saving innovation, jobs, and economic growth our biotech industry provides. Achieving this starts with a simplified system for everyone. Learn more: https://www.bio.org/simplify-the-system

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Did you know - in the U.S., patients pay more out of pocket for medicines than for hospital costs, even though spending at the hospital is three times higher, because of the way that insurance companies engineer the benefit designs. Learn more: https://www.bio.org/simplify-the-system

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The U.S. is the only country in the world where 50% of every dollar spent on medicine goes to middlemen, most notably Pharmacy Benefit Managers (PBMs). PBMs generally pocket these savings rather than pass them on to patients at the pharmacy counter. Learn more: https://www.bio.org/simplify-the-system

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